Released 13 April 2021
The Financial Conduct Authority (FCA) is reminding firms about changes certain credit firms will have to make to pre-contract consumer credit information forms.
The changes need to be made from 1 June 2021. If they are not made, the credit agreement may only be enforceable against the debtor on an order of the court under the Consumer Credit Act 1974.
Further details can be found at Changes for consumer credit firms post-Brexit.