Consumer Credit Centre launches MCD authorisation helpline

The Consumer Credit Centre, part of the SimplyBiz Group, has announced the launch of a helpline which will give brokers and introducers clear answers about what they will need to do to meet the requirements of the upcoming Mortgage Credit Directive (MCD).

 The direct helpline number is free to anyone who has questions about how the MCD legislation may affect them before it comes into effect on 21st March this year and trained specialists will be on hand to provide guidance and advice.

David Golder, Managing Director of the Consumer Credit Centre, commented:
“Sadly, there is still very little experienced support available to firms which have already moved between OFT and FCA regimes and are now required to meet the demands of the MCD. At the SimplyBiz Group, we have helped over 3,500 firms achieve FCA authorisation, leaving us well-placed to provide help and advice to new and existing clients.  

“At a recent round of SimplyBiz compliance workshop, I spoke to many individuals who were concerned about which permissions they needed to meet the requirements of the MCD.  Some were worried they had left it too late, whilst others had applied for permissions unnecessarily, wasting both time and money for all concerned. 

“The MCD authorisation helpline a is free service, available to anyone affected by the MCD legislation, which will provide callers with answers  to their queries and put them  back in control of their regulatory journey.”

The expert team, which can be reached on 0808 1240010, has already dealt with over 1,000 calls from firms that needed clarity about their regulatory status and guidance as to what they should do.