British consumers most likely to demand instant decisions on loans

5th December 2024 Consumer Lending | #consumers

New research by CRIF has found that consumers in the UK are the most likely in Europe to demand near-immediate decision-making on services and product applications by banks, insurers and lenders. The data also showed that one in seven Brits now expect financial providers to approve loan applications within minutes (14%) or an hour (16%),…

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FCA reminds lenders to support consumers struggling with the cost of living

The Financial Conduct Authority (FCA) has written to more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living. With household bills expected to continue to rise into the autumn, it is important that firms act now to make sure…

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