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Latest News

21
Oct

FCA’s New Consumer Credit Regulatory Return (CCR009)

October 21, 2025
What Firms Need to Know From 1 January 2026, many consumer credit firms will face new reporting requirements under the FCA’s CCR009 return. The changes, finalised in Policy Statement PS25/3, mark a significant shift in how the FCA gathers data from credit brokers, lenders, and debt counselling firms. For directors and compliance teams alike, the...
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17
Oct

BNPL regulation is (finally) coming

October 17, 2025
What it means for lenders, brokers and HCSTC providers Buy Now, Pay Later (BNPL) has moved from a clever checkout add-on to a core part of the UK credit market. Policymakers have now set out a clear path to full regulation — with hard dates, defined scope and a transition route. This piece fact-checks the...
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17
Oct

BNPL and Beyond

October 17, 2025
FCA Tightens the Screws on Credit Firm Promotions For credit brokers, lenders, and other consumer credit firms, financial promotions remain one of the highest-risk compliance areas. The FCA has emphasised that unclear, misleading, or non-compliant promotions can cause significant consumer harm, with enforcement action taken swiftly when standards are breached. Regulatory Backdrop The rules governing...
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13
Oct

Appointed Representative Oversight

October 13, 2025
Are Credit Brokers FCA-Ready? The FCA has increasingly focused on appointed representatives (ARs) in consumer credit, signalling that firms cannot outsource responsibility for compliance. Data from 2025 shows continued scrutiny on consumer harm, reporting failures, financial promotions, and governance weaknesses. Key Enforcement Areas Mis-selling & High-Cost Lending Weak affordability assessments. Misleading promotions. Inadequate arrears and...
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13
Oct

Consumer Duty One Year On

October 13, 2025
Where Credit Firms Should Focus It has been just over a year since the FCA’s flagship Consumer Duty came into effect for most retail financial services firms, including credit brokers, lenders, and consumer credit providers. For many businesses, this has been the most significant regulatory shift in the past decade – reshaping expectations around culture,...
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13
Oct

The FCA Just Revolutionised Consumer Credit Reporting

October 13, 2025
PS25/3 – The FCA Just Revolutionised Consumer Credit Reporting: Are You Ready? When the FCA publishes PS25/3: Consumer Credit Regulatory Returns on 7 May 2025, it didn’t just tweak the rules—it delivered a step-change in how credit broking and related firms must report supervisory data (fca.org.uk). You can read the full text of PS25/3 (PDF)...
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13
Oct

Consumer Duty in Focus – What’s Next for 2025?

October 13, 2025
The FCA’s Consumer Duty isn’t new—but as we enter its second full year, expectations are rising fast. Firms regulated for consumer credit can no longer rely on policies that simply ‘tick the box’. What’s Changing in 2025? By 31 July 2025, firms must: Complete their second annual Consumer Duty Board Report Evidence of measurable improvements...
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09
Sep

What are the FCA regulatory priorities?

September 9, 2025
The FCA (Financial Conduct Authority) is the UK’s regulator, which oversees all of the country’s financial services. It oversees every financial product, including commercial insurance, consumer credit, foreign exchange and fintech, with the FCA being the governing body that sets out policies and procedures.  With an organisation so broad and important that oversees some of...
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01
Aug

Simplifying SM&CR

August 1, 2025
What FCA-Regulated Firms Need to Know, Now The regulators are listening. In July, the FCA and PRA jointly proposed reforms to the Senior Managers & Certification Regime (SM&CR)—a regulatory cornerstone for financial services firms since 2016. For the thousands of businesses operating in the consumer credit space, the proposed changes are being positioned as a...
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