Lending Standards Board publishes review of 2018

Industry News | 26/06/19

The Lending Standards Board has published its annual review for 2018, listing its key achievements in the year 2018-19 and laying out its ambitions for the coming financial year, including:
• gaining recognition from the FCA on business standards;
• increasing protection for SMEs to £25M turnover;
• increasing protection for customers by overseeing the implementation of four of the FCA’s Credit Card Market Study remedies; and
• increasing protection for vulnerable customers by completing a review of the Vulnerability Taskforce principles and recommendations.