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|A clear path of improvement in early days of new regulations, says CFA|
|Tuesday, 10 March 2015|
Commenting on the Financial Conduct Authority’s review of arrears management and forbearance by high cost short-term credit firms, Russell Hamblin-Boone, Chief Executive of the Consumer Finance Association (CFA), which represents some of the best known short-term lenders, said:
“These are early days for this young industry adjusting to a new set of regulations. But short-term lenders are on a clear path of improvement, with the worst lenders leaving the market and the FCA acknowledging that the lenders they reviewed are demonstrating a real commitment to change.
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