UK financial promotions rules for consumer credit come under review from FCA
( April 29, 2026, 00:01 GMT | Official Statement) -- MLex Summary: The UK's Financial Conduct Authority wants to amend "complex" and "outdated" financial promotions rules for consumer credit, according to a proposal released on Wednesday. The FCA said that the introduction of the Consumer Duty means that some requirements are duplicative and can be removed. The regulator is also seeking views on whether it should change how Annual Percentage Rates are communicated in credit advertising. Lenders and industry groups have until June 17 to provide feedback.Statement follows....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.