CCR Magazine

Responding to the Financial Secretary’s announcement on regulatory reform of financial services, Stephen Sklaroff, Director General of the Finance & Leasing Association (FLA), said:

“The Government is right to recognise that transferring consumer credit regulation from the OFT to the new Consumer Protection and Markets Authority would be a huge task, justified only if further consultation demonstrates real benefits from such a change. We look forward to responding to the Government’s consultation document when it is published in the autumn.”

(Source - FLA News Release)