Introducing the FCA’s Credit Information Market Study Final Report

The Credit Information Market Study Final Report, commissioned by the Financial Conduct Authority (FCA), delves into the critical role of the credit information market in facilitating informed decision-making for lenders and financial services. In a landscape where credit information is paramount for assessing consumers' financial standing, verifying identity, and reducing financial crime, this report examines key findings and proposes remedies to enhance the effectiveness and efficiency of the credit information sector.

This report will prove invaluable if you are:

• Credit reference agencies
• Credit information service providers
• Industry groups/trade associations with members that report and use credit information
• FSMA-regulated firms that report and use credit information, such as mortgage and consumer finance lenders
• Non-FSMA-regulated firms that use credit information
• Firms looking to be FSMA-regulated and report and/or use credit information in the future
• Consumer organizations specializing in consumer finance and/or debt advice

At VBI, we understand the significance of credit information in business operations and are pleased to share this insightful report. For those interested in delving deeper into the report, it is available here.