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UK Prudential Regulation Authority shares key findings and action items for consumer-credit firms

( January 17, 2018, 11:00 GMT | Official Statement) -- MLex Summary: The UK Prudential Regulation Authority released today its main findings on regulated firms’ consumer credit lending in the first half of last year. The review covers credit cards, personal loans and motor finance. The regulation authority’s committees were “concerned about a continued period of material growth in consumer credit, a lowering of pricing and an extension of interest-free offers on credit cards,” an official statement says.The original statement follows....

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