Share this page: 

Policy and Government

Consultation about the FCA’s proposal on guarantor lending

calendar25 November 2016

CAP recently submitted a consultation response to the Financial Conduct Authority (FCA) about the revised proposal on guarantor loans. Guarantor lending is high-risk for consumers, as it is lending secured on relationships. In this response we welcomed the proposed guidance, which ensures guarantors are appropriately notified where there is a breach of agreement. The revised proposal created opportunities for increased communication with guarantors, for instance notifying them as soon as payment problems present themselves. We also stated how important it is to fully inform guarantors of the risks and the meaning of the term default. To read the full response click below.

Read the full document here

Latest news and blogs

Hand in hand with the local Church

During our prayer week with Tearfund, we're reflecting on why both charities work through the local Church.
Blog | Friday, 24 August 2018

Giving the gift of time

Ellie Gage tells us what it's like to serve on a Discovery Break.
Blog | Wednesday, 15 August 2018

‘If you’d asked me where a hug came on my list of priorities, I’d have said bottom. Turned out, it was top.’

At CAP, we take a holistic approach to debt counselling. Here's why.
Blog | Monday, 13 August 2018

capuk.org uses cookies to make the site simpler.