Share on:

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

Why the Government must #KeepTheLifeline

Blog | Monday, 14 September 2020

Why am I not blooming again yet?

Do you feel like you've been uprooted this year? Claire shares some reflections from her garden.
Blog | Wednesday, 09 September 2020

Join us for An evening with CAP & friends

News | Wednesday, 09 September 2020

capuk.org uses cookies to make the site simpler.