(Source: Eversheds LLP) Financial institutions - Retail finance 05-11-2015 The key development this week is the publication of the interim findings of the credit card market study. This is a major study of one of the largest areas of unsecured lending which the FCA regulates. The FCA is concerned about the scale of potentially problematic debt for consumers who are just above default levels and the incentives for firms to manage this. In its review the FCA has outlined potential remedies to address its concerns. These remedies focus on two main areas: 1) shopping around and switching; and 2) affordability and problem debt. Comments on the interim findings are requested by 8 January 2016....
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