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Full FSA regulation of Sale and Rent Back schemes comes into force not a moment too soon
The Consumer Panel welcomed today’s announcement of the details of FSA full regulation of Sale and Rent Back – particularly the much stricter conditions on promoting these schemes. Sale and Rent Back is targeted at those who are in financial difficulties who will be vulnerable to selling techniques which obscure the downsides. Banning cold-calling, leaflet dropping and the use of emotive phrases in promotional material will be crucial – along with tighter monitoring of the activities of these firms.
Sale and Rent Back scheme full press release
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Press release
Full FSA regulation of Sale and Rent Back schemes comes into force not a moment too soon
Press release
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