Credit markets mixed as government gives further thought to new regulation

Originally posted by 5corpio
The Finance & Leasing Association (FLA) has published its latest consumer finance lending figures, on the same day that the Government published interim responses to its recent reviews of existing and future consumer credit regulation.

The markets continue to show a mixed picture. While May saw modest overall growth of 3% in consumer lending by FLA members when compared with the same month last year, there was a fall of 3% in total lending over the previous twelve months. The store card market has in particular contracted significantly, showing a 20% drop in value in May compared with the same