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)