UK retailers are under closer scrutiny as the FCA drive an increased focus on responsible lending to help customers to break the cycle of persistent debt. Is it time to change how the retail sector handles credit applications? Recent changes to Consumer Credit sourcebook (CONC) regulations have highlighted a need to make improvements to retail credit initiatives such as rent-to-own, buy-now-pay-later, catalogue credit and store cards. Discover what retailers can do to implement the right checks and balances to ensure their customers have the ability to pay, not just to borrow and how Equifax can help implement seamless affordability assessments.
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