Monday 30 January 2012

FCA oversee Consumer credit market currently presided by OFT

With the Government publishing draft legislation replacing the regulator with three bodies; the Financial Policy Committee, the Prudential Regulation Authority and the Financial Conduct Authority.

The Financial Conduct Authority (FCA) will take over responsibility for consumer financial matters, and will also oversee the consumer credit market, currently presided over by the Office of Fair Trading (OFT)

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