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Top story: CFA – third of pay-day borrowers would consider illegal lenders

Some 33% of denied short term loan applicants would consider turning to an illegal lender, with 4% eventually doing so, according to a survey conducted by YouGov and the Consumer Finance Association (CFA). Read full story

Grant Thornton hires two for asset and consumer finance advisory

Grant Thornton has hired Marc Tendler and Bas Hoekstra to its leasing, asset & consumer finance advisory practice, in order to expand its area of expertise. Read full story

BoE: mortgage market drives UK lending in Q3

Levels of consumer lending in the year’s third quarter came close to matching pre-crisis levels, with mortgage markets leading the way, according to the Bank of England. Read full story

FLA members seek clarity on intermediary authorisation from FCA

Members of the Finance and Leasing Association (FLA) are seeking greater clarity on the FCA authorisation process, especially with regard to intermediated business, it emerged last week. Read full story

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Has the transition to the FCA been a smooth process?