View this consultation in the tracker table
We are consulting on our proposal to issue a new regulatory reporting return for consumer credit firms who engage in one, or more, of the regulated activities of Credit Broking, Debt Adjusting, Debt Counselling and Providing Credit Information Services.
Why we are consulting
We want to improve the information we collect from firms so that we can better understand their consumer credit activities and proactively supervise firms to identify and prevent risk of harm to consumers earlier. Collecting better quality information will enhance our ability to identify risk of harm and intervene quicker, in line with our overarching data-led strategy. The design of the new return aims to tailor the set of questions so they are more readily aligned to firms’ business model and activities and use common industry terminology to help understanding.
Who this is for
This consultation is for firms engaged in the following:
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credit broking
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deb