FCA Consultation Paper 14/10 — proposals for a price cap on high-cost short-term credit

The Financial Conduct Authority (FCA) has published the above consultation paper, which sets out its intended approach to the implementation of a price cap for high-cost short-term credit (HSTC). Such a cap is due to come into effect from 2 January 2015 and will apply to all loans that satisfy the following definition…

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