LHV Bank cleared to offer consumer credit in the UK

Yahoo
Yahoo 2d UK
The UK Prudential Regulation Authority granted LHV Bank consumer credit authorisation after completing a six-month review.
LHV Bank cleared to offer consumer credit in the UK
Why it matters
The authorisation expands LHV Bank’s permitted UK retail activities to include consumer credit products under the PRA framework. It enables the bank to proceed with adding overdraft facilities for current account holders, which it has indicated it plans to launch in 2026.
TOPICS

Finance & Banking Banking Regulation

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