FCA Publishes Recent Payday Lending Trends

The FCA has published new data on insights and trends in the high-cost short-term credit (HCSTC, also known as ‘payday lending’) market. It said: Lending volumes in the market remain well below the levels seen in 2013, but have risen since 2016. Over 5.4 million loans were made in the year to 30 June 2018, with 10 […]

Introducing: The Compliance Company

We are delighted to announce that following an overwhelming period of business growth for Consumer Credit Compliance, we are rebranding to The Compliance Company. The Compliance Company will offer a comprehensive compliance service for businesses across all sectors, no longer focusing on just consumer credit. The Compliance Company will act as an Umbrella Company to […]

Dear CEO letter – financial promotions

The FCA’s Dear CEO letter on financial promotions reminds firms that they must not indicate or imply that an aspect of their business which is unregulated is regulated or somehow supervised by the FCA. On Wednesday 9 January 2019 we placed on our website a letter addressed to the CEOs of all our regulated firms to remind […]

Law changes on pension cold calling

Cold calls about pensions are now illegal in some circumstances following a change in the law. Unsolicited calls are the most common method for companies who operate pension scams to contact people and new legislation introduced by the government from 9 January aims to tackle this. ICO Investigations Manager, Andy Curry, said: ”These calls cause […]