Consumer finance regulatory news, April 2020 #2

Yvonne Clapham
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Recent regulatory developments of interest to financial institutions.

Contents

  • COVID-19: FCA consumer credit temporary relief measures

COVID-19: FCA consumer credit temporary relief measures

On 2 April 2020, the UK Financial Conduct Authority (FCA) launched consultations on a range of targeted temporary relief proposals to help credit card, store card, catalogue credit, personal loan and overdraft customers impacted by COVID-19. The consultations close on 6 April 2020.

Read more in our briefing: COVID-19: FCA consumer credit temporary relief proposals.

If confirmed, the measures will come into force by 9 April 2020.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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