The regulator said it would examine this issue and continue its work on high-cost credit in its business plan for 2017/18.
The announcement comes amid a wave of concern over rising consumer credit, with the Bank of England warning the surge could pose a risk to lenders if accompanied by weaker underwriting.
Andrew Bailey, chief executive of the FCA, said: “Our mission is to serve the public interest through the objectives given to us by parliament.
“The mission gives firms and consumers greater clarity about how and why we prioritise, protect and intervene in financial markets.”
The latest business plan was based on a combination of intelligence gathered through the sector views and the FCA’s intervention framework..
The FCA also launched a consultation on fees for regulated firms for the 2017/18 financial year.
These fees will cover the cost of the FCA’s regulatory activities and will vary for individual firms based on the areas of business they undertake.
“When we make regulatory judgements, we will be more transparent about how we reached them as we know that this is something our stakeholders want,” added Andrew.
“The consultation demonstrated the desire of our stakeholders to get involved in a discussion about the role of regulation.
“Those attending our mission conference and those responding to our consultation were all keen for us to build on this work and deliver change that increases the transparency of our processes and decision making.”