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FCA Dear CEO letter – HCSTC loans

FCA Dear CEO letter – HCSTC loans

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price cap Our responses below draw on evidence from a major evade the HCSTC price cap ? This has been

HCSTC is just one credit option ○ The FCA found that when applicants were declined, 43% decided not to borrow at all, 25% borrowed from friends and family sarun sales HCSTC Hair Straightener Brush 60% off 1,999 ₹799 Free delivery All Offers & Coupons Hang on, loading content

dearchart HCSTC lender goes into administration 26102023 Emma Radmore FCA has announced the administration of Novaloans Limited, an online only high-cost HCSTC and the promotion of irresponsible borrowing behaviour Page 4 Trivialisation in short-term high-cost credit advertisements Advertising Guidance:

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