The FCA’s recent decision to take criminal action demonstrates its commitment to the regulation of consumer credit and to ensuring that people are working within their permissions, writes James Walton
The Financial Conduct Authority (FCA) has taken its first criminal action under the Consumer Credit Act 1974 against an individual who allegedly operated as a consumer credit lender without the requisite licence or authority.
On 1 April 2014, the FCA took over the regulation of consumer credit activities from the Office of Fair Trading (OFT). The FCA subsequently released its strategic objectives and the supporting three operational objectives, which are to secure an appropriate degree of protection for consumers, to protect and enhance the integrity of the UK financial system, and to promote effective c...
This article is part of our subscription-based access. Please pick one of the options below to continue.
Already registered? Login to access premium content
The Corporate IP Licence is tailored to your firm, making it the most cost effective way for the firm to access Solicitors Journal, and enables the firm to remain compliant with copyright and our Terms and Conditions. This gives you the ability to print and circulate articles within the firm.
To enquire about a Corporate IP Licence for your firm, please contact our Subscriptions Manager on email@example.com.