Responsible Lending & Affordability - Consumer Credit

Introduction

Are you confident in your understanding of responsible lending and finance affordability?

The current landscape is challenging. The UK consumer credit market is under intense scrutiny, particularly regarding discretionary commission models in car finance and the efficacy of ‘creditworthiness’ vs. ‘affordability’.

Compliance with regulatory obligations continues to be a critical business risk. Firms must demonstrate a proactive approach to protecting the financial well-being of borrowers, specifically addressing the risk of over-indebtedness in the high inflation ‘Cost of Living’ environment.

This training recognises the FCA’s shift toward the Consumer Duty, where ‘good outcomes’ must be evidenced through the entire lending lifecycle.

What You Will Learn

This short webinar will cover the following:

• Responsible Lending - definition; Key Principles (CONC 5)
• Credit Risk vs Affordability Risk
• Moving beyond basic credit scores
• Affordability factors (including end of term obligations such as ballon payments in finance)
• Affordability Assessment - purpose; key components of an assessment; the importance of accurate information, Open Banking data
• Practical examples - loan ‘stacking’ and erratic spending
• Thoughts on a monitoring framework

This pre-recorded webinar will be available to view from Monday 23rd November 2026

Alternatively, you can gain access to this webinar and 2,300+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.