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FLA comments on Budget announcement about the transfer of CMC regulation to the FCA PDF Print E-mail
Wednesday, 16 March 2016

Commenting on the announcement in today’s Budget that regulation of Claims Management Companies (CMC) will transfer from the Ministry of Justice to the Financial Conduct Authority (FCA), Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:“After many years of campaigning for a more robust regulatory regime for Claims Management Companies, we welcome the Government's decision to ask the FCA to apply such a regime so that CMC customers can be confident of fair treatment.”


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