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Fca Benefits Ehr Com  Form

Fca Benefits Ehr Com Form

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the financial conduct authority has been regulating consumer credit firms since April 2014 it's our job to ensure markets work well and people have access to the financial services they need over the last four years we've made a lot of changes to the consumer credit market once the FCA took on consumer credit regulation in 2014 I think we quickly realized that it was made up of a number of different segments and there were a number of things in there that we were not frankly happy with and we have spent a lot of time over the last four years working to tackle those starting with payday lending we've taken strong action to protect people introducing a price cap and new rules on payday lending that are saving borrowers around a hundred and fifty million pounds a year and restricting the way credit brokers can charge fees firms that haven't met our expectations have given over 900 million pounds in redress back to customers we've checked tens of tho

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