consumer credit act

Secured Loans – Time to Regulate

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During a recent speech the outgoing chief executive of the Financial Services Authority (FSA) publicly stated that he would like to see secured loans come within the regulatory umbrella of the FSA’s control. It was suggested that the current regulatory regime, with the office of fair trading (OFT) covering some consumer transactions, and not others …

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Promises of cheap secured loans for UK homeowners

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The UK secured loan market has grown rapidly over the last 10 years, according to figures from Datamonitor the market is now worth around £6 billion. Any market this size is bound to attract its share of suspect operators and the UK secured loan market is no different.  There is still very limited regulation covering …

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