High Cost Credit Bill (HC Bill 12)
Contents
-
1. Financial Conduct Authority (“FCA”) duty to define high-cost credit
agreements and make rules -
3. Duty to review effectiveness and power to make additional rules beyond
those specified -
4. Power to place a levy on the high-cost credit sector to fund additional debt
advice services -
5. Duty to consider a cap on the total cost of high-cost credit agreements