Referral fees ban confirms shake-up of the debt packager sector

The FCA predicts "significant change" in the debt packager market following the confirmation ofrulesthat prohibit their receipt of referral fees from debt solution providers.

By Neasa MacErlean

Announcing the changes, the regulator disclosed that firms representing two-thirds of market volume have either left or suspended their activities since the first regulatory concerns were raised nearly two years ago.