FCA publishes consultation paper on High Cost Short Term Credit
The Financial Conduct Authority has published a consultation paper on its further proposals for the high-cost-short-term (“HCST”) credit market in response to recommendations made by the Competition and Markets Authority.
The proposals cover various issues, including new rules for price comparison websites in respect of HCST credit products.
The consultation paper can be found here. Responses are required by 28 January 2016.