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Financial Conduct Authority

News

What does good relending look like?

The Financial Conduct Authority ('FCA') is in the final stages of consulting on its proposals for a new Consumer Duty, which focuses on ensuring improved outcomes for users of financial services and products. In this briefing we consider how the proposed duty could help to address long-standing problems associated with ‘relending’ in the UK’s consumer credit markets.
News

Social impact of Fair for You estimated at £50m

CfRC reports on the social impact of Fair for You. By providing fair, decent, and flexible loans to help low income families obtain essential household items including beds, cookers, fridges, and washing machines, Fair for You has not only eased their financial burdens but also had hugely positive impacts for their health and well-being, including that of their children.
News

CfRC reports to Commonwealth Central Bank Governors

Last year the Centre for Responsible Credit was commissioned by The Commonwealth to provide a discussion paper on rising levels of household debt and how to mitigate its impacts for households and economies.