CMA letter to Lloyds about a breach of the Retail Banking Order
Published By GOV.UK [English], Wed, Oct 13, 2021 3:09 AM
One of the measures introduced in the Retail Banking Market Investigation Order 2017 requires all providers of unsecured loans to SMEs to publish contextual information about the loans on its website:
the size and term of the loan associated with the Representative APR
the rate of interest
the nature and amount of any other charge included in the total charge for credit
the total amount of credit
the total amount repayable
Lloyds should have published this information on their Lloyds Bank website between June 2020 and March 2021.
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