Christopher Woolard Coronavirus pandemic covid-19 outbreak and Christopher Woolard

Overdraft and credit card payment holidays set to be extended until October

Reading now: 263
dailyrecord.co.uk

Financial Conduct Authority (FCA) has announced proposals which would provide continued support for users of certain consumer credit products, who are struggling with their finances as a result of the ongoing impact from the coronavirus pandemic.

Under the latest FCA plans, overdraft customers will be able to ask for a further three-month interest-free buffer of up to £500 and anyone who has yet to request one will be able to do so until October 31.

FCA interim chief executive Christopher Woolard said: "The proposals we’ve announced today would provide an expected minimum level of financial support for consumers who remain in, or enter, temporary financial difficulty due to coronavirus. "Where consumers can afford to make payments, it is in.

Read more on dailyrecord.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA