FCA publishes research on repayment choices for credit card holders

Regulatory Updates | 26/07/18

The Financial Conduct Authority (FCA) has published research on the ways in which the size of repayments made by consumers may be influenced by the ways in which repayment options are presented to them. Together with the measures introduced in policy statement 18/4 Credit card market study: Persistent debt and earlier intervention—feedback to CP17/43, and final rules which take effect on 1 September 2018, the research forms part of the FCA’s efforts to limit the use of credit cards for longer-term borrowing, while preserving their flexibility for millions of users.