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.
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.
Where an IVA provider advertises for work via a third party, the IVA provider is responsible for ensuring that the third party observes all applicable advertising codes and the FCA Consumer Credit Sourcebook chapter 3.
Creditors will follow the guidance in the FCA Consumer Credit Sourcebook and the Lending Code (or any Code that replaces it) if they are bound by it.
Advertisements and other forms of marketing should be clearly distinguishable as such and ought to observe the FCA Consumer Credit Sourcebook chapter 3 and all relevant codes of practice, in particular to the principles of legality, decency, honesty and truthfulness.
While IVAs are a product of insolvency legislation those IPs who are subject to FCA authorisation whether through their firm or as an employee of an FCA authorised firm must comply with the FCA’s Consumer Credit Sourcebook (CONC).
Where debt is sold when an IVA is proposed but before it has been approved, creditors should ensure that the debt buyer is a signatory to the Lending Code or follows the principles contained in the Lending Code and complies with the guidance in the FCA Consumer Credit Sourcebook.
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.
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 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).