Following FCA guidance on guarantor loans might not prevent legal challenge in court, says expert02 Dec 2016
FOCUS: The actions consumer credit providers take to obtain repayment of loans from guarantors could be challenged in court even if those actions adhere to guidelines proposed by the UK's Financial Conduct Authority (FCA).
Existing UK payments infrastructure is to be replaced with "new payments architecture" that uses modern technology under a new strategy for payments outlined by a cross-industry body.
The Financial Conduct Authority (FCA) has begun a further study of the risks posed to consumers by high-cost credit, to include a review of how the new cap on the cost of payday lending is working.
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