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Lender granted FCA authorisation


Lender granted FCA authorisation

Uncle Buck has been granted official authorisation by the Financial Conduct Authority (FCA).

The Kent-based short-term lender has been trading since 2004 but has seen substantial growth over the last two years, with staff numbers increasing from 12 to more than 70.

Steve Murray, Senior Partner at Uncle Buck, said: “This official authorisation of Uncle Buck and its management is a real feather in our cap and we hope it will further increase confidence in the business.

“Given the increased barriers to sector entry, we consider ourselves well-placed in a stabilising market to deliver short-term financial products within a compliant framework.

“In many ways, the regulation has been good for the industry and has helped to improve its reputation as an alternative source of short-term finance to many people.”

Last year, Uncle Buck featured in an ITV documentary, ‘Cash in Hand – Payday Loans’ when it gave an insight into the day-to-day running and challenges faced by a payday lender. 




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