Article preview: The financial services regulator has published its findings of a review into certain practices by high-cost credit providers. The Financial Conduct Authority (FCA) expressed concerns in the review about poor practices by some firms when it comes to their relending practices. They noted that nearly half of consumers regretted borrowing more money.
Don’t borrow money to take a holiday
This 569-word blog post reports on new research from the Financial Conduct Authority (FCA) which is critical of lending practices from high-cost credit providers, including the use of behavioural science ‘nudge’ techniques to encourage borrowing. Written on 7th August 2020.
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