How does the PSD request sit with the FCA’s five-year strategy?

Published 28 May 2025

The Financial Conduct Authority (FCA) has boldly committed to smarter regulation, promising to reduce burdens on firms and improve its use of data. However, with new product sales data reporting now on the table for thousands of consumer credit firms, some are asking whether the FCA’s actions match its words. We think there is still time for change.

CCTA Inform: Spring 2025

Published 24 April 2025

CCTA Inform is an essential ‘easy read’ publication, exclusively available to members. This issue covers December 2024 to March 2025. During this period, we have collected details of legislation, regulatory updates and other announcements that may be of interest. Members should also ensure they are subscribed to our weekly CCTA Update email to be kept up to date with the latest industry news.

CMC Update (2025-2)

Published 22 April 2025

We anticipated that the run-up to the introduction of charging for Claims Management Companies (CMCS) would present challenges, and that’s proving true. Several CCTA members have raised concerns about two particular firms. Before addressing those two specifically, we want to provide an update on some wider issues arising during the transitional period, as Professional Representatives (PRs) become subject to the new Financial Ombudsman Service (FOS) case fee regime.

FCA vulnerability review

Published 15 April 2025

The FCA has carried out a review of firms’ treatment of customers in vulnerable circumstances. Firms across the financial services spectrum were contacted and asked to provide data and information to assist the regulator’s review. Ultimately, their review focused on evaluating firms’ actions in line with ‘FG21/1: Guidance for firms on the fair treatment of vulnerable customers’, which has been in place since 2021. On 7 March 2025, the FCA published the findings of their review, along with the associated consumer research.

CCTA Magazine: 2025 Issue One

Published 08 April 2025

Welcome to the first 2025 edition of CCTA magazine. It’s fair to say that this will be another big year for the alternative lending market! There are lots of projects underway. On the regulatory side, a review of the Consumer Credit Act is progressing and plans for the regulation of Buy-now Pay-later products are expected from HM Treasury soon.

Illegal money lending awareness

Published 01 April 2025

This Live Learning event will raise awareness of illegal lending schemes and the potential impact and consequences of borrowing from loan sharks. The session is aimed at all staff levels and will help firms understand and identify signs of victims of illegal money lending when dealing with their customers. This content can be accessed by logging into CCTA Academy.

CCTA 2025 Vigilance Conference

Published 31 March 2025

The event covered issues including fraud, cyber security, illegal lending and money laundering. These are themes of real importance to any firm operating in alterative credit, particularly at a time when developments in technology are increasing in pace. Attendees heard from a range of speakers and panellists on these topics.

Motor finance (2025-2)

Published 27 March 2025

As many of our motor finance members will know, we are in a regular process of holding roundtable sessions and reporting back on these approximately six weeks later. Our last roundtable was held on 5 February 2025, and we are now reporting back on those discussions both for clarity, and for those members that were unable to attend due to other commitments. The session was hosted by Mike Deans of Borderway Finance and included Naveed Asif Head of Policy & Advice (CCTA), Russell Kelsall Partner, Head of Consumer & Motor Finance (Walker Morris), Dan Simpson, Head of Compliance (Marsh Finance) and Jason Wassell, CEO (CCTA).

HM Treasury publishes action plan on regulation – aims to support growth

Published 18 March 2025

Yesterday, the Chancellor met top regulator bosses in Downing Street to discuss an action plan on regulation. The review aims to cut the administrative cost of regulation, make Britain the best place to do business and drive economic growth. We applaud the ambition and the speed at which the Government has been moving.

CMC Update (2025-1)

Published 28 February 2025

As you will know, the Financial Ombudsman Service (FOS) has confirmed that CMCs and legal firms will be charged a case fee from 1 April 2025. You can access the Policy Statement here if you haven’t read this announcement. Whilst it is excellent news, which we and other industry stakeholders have long campaigned for, this phase before introduction is still worrying. We have heard of CMCs trying to accelerate their activity to get ahead of the deadline.

CCTA Conference: 2025 Opportunities

Published 12 February 2025

The annual CCTA conference is our flagship event and an industry recognised ‘date for the diary’. Sponsorship and exhibtor opportunities are available for this event. Browse our CCTA Conference brochure to find out more or get in touch to discuss a bespoke package.

Understanding Personal Insolvencies

Published 11 February 2025

This Live Learning event is brought to you by Aryza. For lenders/creditors, it can often be a challenge for their staff to understand the insolvency sector and the effects of different types of debt solutions. In this session, Aryza will cover: what personal insolvencies are, the different types of debt solutions (DMPs, IVAs, DROs and Bankruptcies) and what each of these mean for the lender when their customers enter into such debt arrangements. This content can be accessed by logging into CCTA Academy.