FCA’s cost-of-living consumer credit data collection

As previously announced by the regulator, the FCA will be engaging in a consumer credit data collection project to monitor and assess the impact of the rising cost of living on consumers during the current crisis. A number of regulated consumer credit firms will be contacted by the FCA via email to provide information and details. They remind firms of their obligation under Principle 11 to deal with the regulator in an open and cooperative manner.

Source: FCA