Rent-to-own, buy-now pay-later and pawnbroking agreements and coronavirus: Further updated temporary guidance for firms
Regulatory Updates | 05/11/20
The Financial Conduct Authority (FCA) has published draft guidance which proposes changes to “Rent-to-own, buy-now pay-later and pawnbroking agreements and coronavirus: updated temporary guidance for firms” made in July 2020. It sets out the expectation that firms provide, for a temporary period only, in respect of exceptional and immediate support to customers facing payment difficulties due to circumstances arising out of the pandemic. The FCA welcomes views on the guidance.
