The FCA propose three month holidays extend to credit cards – expert calls for more

CORONAVIRUS has forced the government to make drastic changes to various economic rules. So far changes have been made to mortgage arrangements, employment rules and benefit systems but the FCA is proposing further changes.

Coronavirus is expected to have continuing negative effects on the economy. Incomes will likely lower and employment will dry up as the disease impacts business and trade. The government has already taken steps to provide safety nets for people’s finances but more changes could be inbound.

The Financial Conduct Authority (FCA) is the financial regulator for the UK and a few days ago they proposed further measures.

While their proposals are still in a consultation face, they...
source: Express

2020-04-04 22:56
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