[citation needed] In April 2014, the consumer credit industry regulator changed from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA).
[6] Companies that held an OFT licence and registered for interim permission were allowed to continue carrying out consumer credit activities whilst their applications for FCA authorisation were considered.
In March 2018, PerfectHome agreed with the FCA on a package of redress totalling over £2.1 million,[8] made up of cash payments and balance write-offs for 37,000 customers.
The ASA argued whether the advert, particularly the claim "style up the kitchen with big brand appliances", promoted the purchase of items on high-interest credit in an irresponsible manner.
It's got to be perfect" while walking around a house that contained a number of high-value items such as an iPad, wireless headphones, an American-style fridge freezer, and a flat screen TV.