CP15/33: Consumer credit: proposals in response to the CMA's recommendations on high-cost short-term credit

Published: 28/10/2015   Last Modified : 28/10/2015

The Consultation Paper contains proposals for additional standards for price comparison websites (PCWs) which compare high-cost short-term credit (HCSTC) products and invites views on them. The Consultation Paper also addresses a number of other areas: the use of real-time data sharing to enable informed credit assessments, measures to improve shopping around without affecting consumers’ credit ratings, improved disclosure on the costs of borrowing, and credit broking/lead generation.

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