On 14 April 2020, the UK Financial Conduct Authority’s guidance for consumer credit firms dealing with customers needing COVID-19 related payment holidays under certain regulated credit came into force.
There’s guidance for credit cards (including retail revolving credit), personal loans (but there are a number of exclusions) and overdrafts.
My one page summary of the guidance is:
If you want a pdf copy of it, please get in touch: russell.kelsall@TLTsolicitors.com.
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