Credit Card Portfolio Standards UK
United Kingdom Regulatory bodies have recently applied significant focus to what they see as a potential unsecured debt bubble. The signs pointing to this include, continued benign credit loss performance, margin compression and a long-term low interest rate environment.
Consumer credit lenders in the UK will want to be familiar with the regulatory guidance; have confidence in their portfolio stability and lending practices and have a plan in place to update processes and procedures if needed.
This paper, Credit Card Portfolio Standards, provides an overview of what the regulators have shared and gives steps and considerations to help lenders prepare.