The findings from the Financial Conduct Authority’s review of unsecured credit are expected early in the new year,  but this should not lead to “heavy-handed regulation”, writes IEA Director General Mark Littlewood.

As Mark argues in his biweekly column for The Times,  while greater resources could be devoted to shutting down loan sharks and criminal activity, if the legitimate unsecured lending businesses are subject to price or regulatory controls that lead to them exiting the market or simply not offering their services at all to particular demographics, then organised crime will fill at least some of the void.

Read the full article here.