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fca

September 24, 2020

Financial Conduct Authority proposals to tackle concerns about insurance pricing

The Financial Conduct Authority is concerned that home and motor insurance markets are not working well for consumers and is setting out proposed remedies to address this.
July 31, 2018

Citizens Advice responds to latest consumer credit figures and FCA creditworthiness statement

The Financial Conduct Authority have published their ''Assessing creditworthiness in consumer credit' policy statement. It coincides with the Bank of England revealing the amount of credit held by UK households increased by £3.7 billion in June and the rate of credit card lending has risen by 11 per cent in the last three months.
July 28, 2018

Public borrowing has been replaced by household debt

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April 25, 2018

FCA warns public of increased threat of loan scams

Financial Conduct Authority urges the public to be alert to the growing threat of loan fee scams targeting borrowers.
March 27, 2018

Citizens Advice calls for protection from high costs for rent-to-own goods

New research from Citizens Advice shows high-interest rates, late payment fees and expensive add-ons are leaving rent-to-own consumers struggling to pay for goods which they can end up having to return.
March 20, 2018

Extending payday loan cap could stop thousands getting into spiral of debt, says CAB

Research from Citizens Advice shows that extending the same rules that cover payday loans to the doorstep lending market could prevent people getting into problem debt, and save up to £123 million in interest payments.
March 2, 2018

Charity welcomes new rules on credit cards but urges action to reduce risk

The debt charity StepChange has welcomed the Financial Conduct Authority policy statement on its actions in the credit card market but urges the regulator to keep a close eye on the effectiveness of its new requirements, especially for new borrowers.
February 8, 2018

Millions struggling to cope with credit card debt, says NEF

British consumers are increasingly struggling to cope under an ever-growing mountain of credit card debt, warns the New Economics Foundation.
December 16, 2017

Voluntary agreement with credit card companies 'leaves people vulnerable to problem debt'

Financial Conduct Authority plans to change how credit card firms offer credit limit increases do not go far enough to protect consumers from problem debt, Citizens Advice says.
November 17, 2017

Credit card companies pushing credit to people who can't pay, says CAB

Credit card holders who are not confident they can pay their current debts are more likely to have been given extra credit for which they they have not asked, Citizens Advice warns today.