July 2016
Price: £95 PLUS VAT
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The focus of this seminar was the future regulation of the consumer credit market in the UK, and what more can be done to promote standards, market competition and consumer protection across the sector.
It was timed as the Financial Conduct Authority consults on the scope and focus of its forthcoming review of the Consumer Credit Act, which is expected to take place later this year. It was also informed by further reviews being undertaken by the regulator that are impacting on the industry, including investigations into early arrears management, staff remuneration and incentives, as well as the current credit card market study. Delegates also had the opportunity to discuss the future market for high-cost short-term credit (HCSTC), following the implementation of a cap on the total amount that lenders can charge last year, and the next steps for incentivising responsible lending and improved business conduct, alongside effective price competition for consumers.
It brought together senior officials from central government and other relevant departments and regulators with a wide range of industry stakeholders - including banks, building societies, consumer credit license holders, brokers, debt management firms, credit collection providers, charities, academics, consultants, business groups and consumer bodies, alongside representatives of trade and national press.