FCA Update on mortgages, consumer credit, banking and payments during coronavirus
Regulatory Updates | 27/01/21
The FCA have published an update on issues relating to mortgages, consumer credit, banking and payments during coronavirus. This confirms their finalised guidance on repossessions for mortgages and consumer credit, as well as their intention to consult on an increase in the limit for contactless payments. The FCA also wants to express its support for finance staff who are continuing to carry out frontline roles.