NEWS
Consumer Duty Could Lead to Stricter Lending Criteria
Allison Karavos
August 3, 2023
Lenders in the UK’s must now comply with the new Consumer Duty which sets higher and clearer standards of consumer protection. In this Peer2Peer Finance News article, Frode Berg, Managing Director for Europe at Provenir, shares his thoughts on the impact on lenders’ risk assessment processes as well as the types of products and services available in the lending sector.
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