BVRLA responds to the FCA Consultation on Fees for 2022/23

The Financial Conduct Authority (FCA) has consulted on its fees and levies proposals for the 2022/23 financial year.

The BVRLA has submitted a response to the consultation which highlights that although we understand fees will need to be raised to cover funds for improvements in regulation, the proposed increases are too steep and will disproportionately impact smaller consumer credit firms.