Summary
The Financial Services Authority warned MPs yesterday that burdening the regulator with responsibility for policing consumer credit would risk swamping it altogether.
Calls for the FSA to oversee consumer credit ranging from bank overdrafts and credit card borrowing have grown louder amid reports of ballooning unsecured debt and fast-rising numbers of personal bankruptcies.See the full content of this document
Extract
Fsa Fears Consumer Credit Policing
But yesterday the FSA's chairman, Sir Callum McCarthy, insisted to the Commons Treasury Select Committee that his org...
See the full content of this document
Sponsored links
