Earlier today, on 24 April 2020, the UK Financial Conduct Authority published its finalised temporary guidance to consumer credit firms dealing with customers needing COVID-19 related payment holidays under certain regulated credit and consumer hire agreements for motor finance and high-cost credit.
There’s finalised temporary guidance for motor finance, for rent-to-own, buy-now pay-later and pawnbroking and for high-cost short-term credit.
My one page summary is:
If anyone wants a pdf copy, please get in touch: russell.kelsall@TLTsolicitors.com.
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