LSB updates Lending Code: LSB has updated the Lending Code to reflect the changes earlier this year to the regulatory structure as regards consumer credit and to:
- refer to the fact that debt collection agencies and debt purchase firms can now subscribe to the Lending Code;
- amend provisions on unauthorised credit card transactions; and
- clarify LSB’s role in monitoring compliance with UK Cards Best Practice Guidelines.
(Source: Lending Code October 2014 Review)