Financial Services Bill and Future Regulation of Consumer Credit

31/01/2012

In response to the Government’s announcement on the Financial Services Bill and Future Regulation of Consumer Credit, Sara de Tute, President of the Credit Services Association (CSA), says:

“We welcome the announcement made by the Government in the publication of the Financial Services Bill on the 27 January, as a significant step towards the regulation of the consumer collection industry by the Financial Conduct Authority (FCA) and we are committed to working closely with HM Treasury and the Department for Business Innovation and Skills in the coming months as they design a model of FCA regulation that is both proportionate and appropriate for consumer credit.”