1
Q
financial conduct authority (FCA)
A
regulates financial services in UK - protecting customer, keeping the industry stable and keeping healthy competition between financial service providers
2
Q
financial services compensation scheme (FSCS)
A
can step in to say compensation if company cannot to pay claims against it
3
Q
office of fair trading (OFT)
A
non - ministerial department - acts as the regulator - responsible for enforcing consumer competition and protection - fair deals
4
Q
legislation : consumer credit
A
law covering most types of lending in the UK - sets out rules for how businesses can lend, how they collect money and consumer rights when borrowing
btec business
flashcards
Decks in class (17)
# Cards
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unit 3 key topic 1 key terms28
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unit 3 topic 218
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unit 3 topic 34
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unit 3 topic 413
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unit 3 topic 511
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unit 3 topic 69
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unit 3 topic 75
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unit 3 topic 84
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unit 3 topic 95
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unit 3 topic 103
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unit 3 topic 118
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unit 3 topic 1213
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unit 3 topic 138
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unit 3 topic 1418
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unit 3 topic 158
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unit 3 topic 1612
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unit 30
