Searching for redress from high expense short-term credit companies. Being a total outcome, HCSTC organizations need to ensure that
With all the economic resilience of customers becoming more and more crucial and protecting vulnerable clients on top of its agenda, it comes since little surprise that the FCA stays sceptical of businesses providing high expense temporary credit (HCSTC) items.
This really is obvious through the FCA’s introduction of measures impacting the HCSTC market, including limitations on the wide range of rollovers, guidelines on capping costs and issuing a study checking out choices for clients.
From this ever-changing landscape that is regulatory in view for the long-armed reach of this Financial Ombudsman provider (FOS), HCSTC companies find it increasingly tough to prosper and, in a few cases, survive. (more…)