FCA insight on who’s driving consumer credit growth

Regulatory Updates | 09/01/18

The FCA has published an Insight article that provides opinion looking at the types of borrowers that are driving consumer credit growth. This focuses on three particular insights:
• Credit growth has not been driven by subprime borrowers
• People without mortgages have mainly driven credit growth
• Consumers remain indebted for longer than product-level data implies.

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