Brokers riled by consumer credit licence interim charge
Controversy has engulfed newly-announced consumer credit licence (CCL) charges which could see brokers stung twice for fee payments.
Brokers have been informed that they will have to pay a £350 interim charge to the Financial Conduct Authority next April as the regulator assumes responsibility from the Office of Fair Trading (OFT) over the consumer credit market.
For licences that were bought on or after 31 March 2013 partnerships, companies and other organisations have already been faced with a £1466 fee on the basis that it would most likely have been granted on an indefinite basis.
Furthermore, as part of the licence fee
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