FSA reveals new standards for credit unions

The FSA has set out its rulebook which 700 UK credit unions must abide by when regulation of credit unions come into effect on 2 July 2002, and is also hosting a series of training sessions on the subject in spring. Seminars and workshops will be undertaken in conjunction with credit unions' trade associations and are intended to help credit unions understand the new requirements set out in the Credit Unions Sourcebook and to plan for their requirements. Created as a result of pre-consultation with credit union movement, the credit union sourcebook and is hoped to increase consumer co...