The Financial Conduct Authority: what the end of OFT means for lenders
Graham Donald, Commercial Director at Pancredit, recently featured in a guest blog on the HML website about what the replacement of the OFT with the FCA means for lenders.
In April 2014, the Office of Fair Trading (OFT) will be replaced by the Financial Conduct Authority (FCA). The FCA is expected to be a robust and tougher organisation with greater powers and more resources to tackle issues in the consumer credit market. The FCA stance on consumer credit will be focused on the consumer, but what additional powers will they have and how are they going to tackle the riskier markets?
Read the blog post in full here on the HML website.