Iva

Lenders must make proportionate affordability checks before approving credit, considering income, expenditure, and credit history, but subsequent changes in borrower circumstances after lending are not foreseeable.

Consumers are liable for authorised payments under the Payment Services Regulations 2017, and banks are only obliged to protect against fraud or scams where these are sufficiently evidenced.

A lender must conduct a reasonable and proportionate affordability assessment to ensure a consumer can sustainably repay credit without undue difficulty.

Lenders must conduct proportionate affordability assessments to determine whether borrowers can repay credit sustainably, based on their individual circumstances at the time of lending.

A financial services provider on an execution-only basis is only obliged to take reasonable endeavours to communicate corporate actions in the manner the client has elected, not by all means necessary.

A lender must carry out proportionate affordability checks before providing credit, with the level of thoroughness depending on factors such as borrower income, loan amount, and lending relationship history.

Lenders must conduct reasonable and proportionate affordability checks to determine whether borrowers can repay credit sustainably before lending.

A lender must carry out proportionate affordability checks before lending, with the level of scrutiny determined by factors such as borrower income, loan amount, and credit history.

Lenders must conduct reasonable and proportionate affordability assessments to ensure consumers can sustainably repay credit without undue difficulty.