FCA Dear CEO letter – HCSTC loans

FCA Dear CEO letter – HCSTC loans hcstc We welcome the decision by the FCA to expand the review of the HCSTC price cap into a broader call for input into high cost credit as a whole including hcstc HCSTC owns its existence to the emergence of FinTech, thanks to merge of banking and technology a totally new market has flourished as a good

hcstc HCSTC and the promotion of irresponsible borrowing behaviour Page 4 Trivialisation in short-term high-cost credit advertisements Advertising Guidance:

hcstc sarun sales HCSTC Hair Straightener Brush 60% off 1,999 ₹799 Free delivery All Offers & Coupons Hang on, loading content  HCSTC is just one credit option ○ The FCA found that when applicants were declined, 43% decided not to borrow at all, 25% borrowed from friends and family