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FSA launches consultation on unfair terms

The FSA has today launched a consultation into unfair contract terms, as exclusively revealed by Money Marketing.

The regulator is inviting consumers to contact them if they believe they have identified an unfair contract term. As contracts tend to be standardised across the industry, the FSA believes any action against an unfair contract term has the potential to benefit consumers across financial services.

After N2, the FSA agreed to take responsibility for enforcing unfair terms legislation previously overseen by the OFT.

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