LSB reviews business lending code

LSB is consulting on its review of the Standards of Lending Practice for business customers.

The consultation contains questions relating to:

  • The impact of economic and regulatory developments
    • Protections for customers
    • Updates to support a full range of lenders, including smaller firms, newer market entrants, and digital-first lenders
    • Appropriateness of thresholds
  • The protections provided by the business Standards
  • Opportunities to develop new best practice and guidance
    • Product and service design
    • Accessibility and inclusivity
    • Sustainability
  • The scope of the business Standards

Consultation closes 10 August 2023.

Laura Wiles