In our response to the FCA’s consultation on credit advertising, we warn against proposals to weaken representative APR rules and cost disclosure protections.
We urge the FCA to maintain robust, specific rules—such as the 51% representative threshold and mandatory maximum APR disclosures—because high-level principles alone are failing to prevent consumer harm.
We also highlight the need to close the regulatory gap regarding the messaging around "credit utilisation limits" being used on credit score dashboards.
Read more at: bit.ly/4xCXqEd
We urge the FCA to maintain robust, specific rules—such as the 51% representative threshold and mandatory maximum APR disclosures—because high-level principles alone are failing to prevent consumer harm.
We also highlight the need to close the regulatory gap regarding the messaging around "credit utilisation limits" being used on credit score dashboards.
Read more at: bit.ly/4xCXqEd
www.responsible-credit.org.uk Credit Advertising and the FCA: Why Weakening APR Rules Risks Harming Households In our response to the FCA’s consultation on credit advertising, we warn against proposals to weaken representative APR rules and cost disclosure protections. 
