NORTH WEST FRAUD FORUM

The FCA Warns of Loan Fee Fraud Risks as 24% of UK Consumers Turn to Loans to Cover Summer Spending

13 Aug 2023 12:49 PM | Anonymous member (Administrator)

Around 55 per cent of UK adults are more worried about their finances this summer than they were last year; with 24 per cent turning to credit or loans to fund summer-related spending; the Financial Conduct Authority (FCA) has revealed as part of a new campaign to help consumers spot and avoid loan fee fraud.

https://thefintechtimes.com/the-fca-warns-of-loan-fee-fraud-risks-as-24-of-uk-consumers-turn-to-loans-to-cover-summer-spending/

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