Consumer Credit Sourcebook definition

Consumer Credit Sourcebook means the consumer credit sourcebook as set out in the FCA Handbook.
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Consumer Credit Sourcebook. (or "CONC") means the consumer credit sourcebook as set out in the FCA Handbook.
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Examples of Consumer Credit Sourcebook in a sentence

  • From 1 April 2014, such rules include rules in the FCA Consumer Credit Sourcebook (CONC), which transposes certain requirements previously made under the CCA and in OFT guidance.

  • If You are a company or a partnership consisting of four or more persons, You will not benefit from protections under the CCA or the Consumer Credit Sourcebook of the Financial Conduct Authority.

  • The Services which we provide to you in negotiating with your creditors and managing your payments to them, as more generally described in the Financial Conduct Authority Handbook and Consumer Credit Sourcebook.

  • The Agreement which forms the contract between you and us for the provision of regulated Debt Management Services as set out in the Financial Conduct Authority Handbook and Consumer Credit Sourcebook.

  • The FCA and Credit Broking Rules (R) A credit broker is a person who introduces individuals who are seeking credit or goods on hire – to lenders that may provide this credit or other credit brokers.If you facilitate credit to customers who qualify under a Regulated Loan, these agreements must comply with the Consumer Credit Act, and the rules in the Consumer Credit Sourcebook (CONC).

  • Consumer Credit Sourcebook (R) General Principles: • Throughout all your dealings with customers for credit, you must bear in mind the FCA’s General Principles with CONC: Relevant Rule:CONC 2.2.2 GPrinciple 6 requires a firm to pay due regard to the interests of its customers and treat them fairly.

  • B: VWFS initiatives VWFS is regulated by the FCA and in servicing the Purchased Receivables is required to comply with the Consumer Credit Sourcebook ("CONC") which includes, at CONC 7.3.4, a requirement to treat customers in default or in arrears with forbearance and due consideration.

  • On February 28, 2014, the FCA issued the Consumer Credit Sourcebook, or the CONC, contained in the FCA Handbook.

  • All firms with permission to carry out consumer credit business are required to comply with the provisions of the Consumer Credit Sourcebook, as well as other relevant chapters of the FCA Handbook.

  • The FCA are also considering changes to the Consumer Credit Sourcebook (“CONC”) rules and guidance.There is an also expectation from the FCA that all firms should review their policies, procedures and associated controls to ensure that they comply with regulatory requirements and standards.

Related to Consumer Credit Sourcebook

  • Consumer account means an account established primarily for personal, family, or household use.

  • Consumer-goods transaction means a consumer transaction in which:

  • Consumer goods means goods that are used or bought for use primarily for personal, family, or household purposes.

  • Consumer Loans means Loans to individuals for household, family and other personal expenditures (including United States and/or State-guaranteed student loans and extensions of credit pursuant to a credit card plan or debit card plan).

  • Consumer transaction means a transaction in which (i) an individual incurs an obligation primarily for personal, family, or household purposes, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.