Article preview: Change and innovation in the unsecured consumer credit market has prompted a rethink about how things are regulated. The Financial Conduct Authority (FCA) has published a report looking at the changes in this market, following a review carried out by its former interim chief executive Christopher Woolard. The Woolard Review looks at how regulation can better support a healthy market for unsecured consumer credit, considering the impact of the pandemic, new and emerging business models, and new developments in the unregulated buy-now, pay-later unsecured lending market.
It’s time to regulate the buy-now, pay-later credit market
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This 959-word blog post looks at the key findings of the Woolard Review into the (currently unregulated) unsecured consumer credit market and the FCA’s response to those recommendations. Written on 2nd February 2021.
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