The Lending Standards Boards (LSB) has announced that it intends to review the Standards of Lending Practice for personal customers (Standards).
The LSB is seeking input from registered firms, industry bodies, consumer and debt bodies, and other relevant parties whose work may interact with the LBS to help it consider whether updates to the Standards are needed. The LSB is seeking views on:
- how the Standards further encompass the digital journey;
- how the LSB could capture good practice in relation to financial inclusion;
- whether any wider industry themes could be explored further within the Standards; and
- any other feedback.
The deadline for responses is 30 March 2018.