FCA Updated guidance on high-cost short-term credit agreements and coronavirus for firms

Regulatory Updates | 03/07/20

Following its April 2020 guidance that set out expectations that firms should provide, for a temporary period only, exceptional and immediate support to consumers facing payment difficulties due to the coronavirus (COVID-19) pandemic, draft Financial Conduct Authority (FCA) guidance announces proposals which would provide continued ongoing support for users of high-cost short-term credit products. Consultation ends: 17.00 on 6 July 2020.