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FCA proposes consumer-protection rules for credit brokers

( February 24, 2015, 15:07 GMT | Official Statement) -- MLex Summary: The Financial Conduct has proposed to tighten rules on brokers of high-cost credit, to prevent them charging upfront fees on unsuspecting costumers. The rules also look to protect credit guarantors, who might be in financial difficulty and unable to take on further debt. The consultation deadline is May 6.The following text is a press release. The consultation paper can be found attached below the statement:...

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