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Regulatory Updates and Compliance
FCA's New BiFD Policy Rules (PS24/2): The recent blog by Adam Butler at StepChange discusses the implications of the FCA’s new BiFD policy rules (PS24/2), highlighting significant changes that affect borrower support and lending practices. This is crucial for financial services professionals as it influences how firms will need to adapt their policies to comply with new regulatory standards. Read moreReview of Persistent Debt Rules: The FCA's announcement to review persistent debt rules later this year is significant because it could lead to stricter requirements on how credit is managed, affecting credit card issuers and consumer lending businesses. Professionals in credit management need to be prepared for potential changes in how persistent debt is handled. Read moreConsumer Duty Focus: A UK Finance blog highlights the challenges firms face in interpreting and implementing the Consumer Duty, ...
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