Driving Sales Growth through Credit Products: A New Regulatory Burden for Dealers and Retailers?

For consumers, the seemingly endless and relatively easy availability of credit has become a feature of everyday life. 

For our society, it has become one of our principal economic drivers and a measure of the health of our economy. For retailers, it has continued, in good times, to drive growth in sales.

However, not properly regulated, it can lead to considerable consumer detriment. Regulation is not a new concept, but over 50,000 businesses who are involved in the provision of credit are now having to face a massive change in culture brought about by the transfer of regulation from the OFT to the FCA in 2014.

So, how are these changes impacting retailers and other providers of goods and services to members of the public?

Read the full article on our dedicated consumer credit website: »

This information is intended as a general discussion surrounding the topics covered and is for guidance purposes only. It does not constitute legal advice and should not be regarded as a substitute for taking legal advice. DWF is not responsible for any activity undertaken based on this information.

FCA & Consumer Credit Regime: DWF help you navigate through the changes.

2014 saw the start of a new regulatory regime for the consumer credit industry. The FCA, the industry’s new regulator, brought with it a plethora of new guidance and regulations for firms to get to grips with. DWF are on hand to help you navigate the changes and ensure thaty ou have all of the information and resources you need.