In this respect, it could be recommended that the FCA ended up being careful regarding the balance that is difficult embedding HCSTC market needs

In this respect, it could be recommended that the FCA ended up being careful regarding the balance that is difficult embedding HCSTC market needs

The FCA’s price limit can be defined as a calculated intervention that is maybe maybe maybe not likely to undermine the HCSTC market in the long run by disproportionally favouring borrowers.

This really is point that the FCA highlighted frequently in its cost cap implementation document especially into the context of standard costs. The FCA maintained its cap on default charges at ВЈ15 (FCA 2014a) although many respondents to the original consultation on the price cap (FCA 2014b) criticised the proposed fixed ВЈ15 cumulative default charges for being an inflated and an unreasonable estimate of the true cost of default.Continue reading