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Showing 1 - 10 of 77 matches filtered by 'Consumer credit'

  • FCA proposes the next stage of support for mortgage customers

    27/08/2020
    The FCA has announced proposed additional guidance (the Proposed Guidance) designed to ensure firms provide tailored, bespoke support to mortgage borrowers who continue to face payment difficulties as a result of coronavirus. Stakeholders are expected to provide their comments by 5pm on Tuesday 1 September. At the start of the ...
  • FCA to ban motor finance discretionary commission models

    28/07/2020
    Following a consultation in October 2019, discussed in our article here, the FCA has confirmed that it will introduce a ban on discretionary motor finance commission models. In light of consultation feedback and additional operational pressures facing the sector including Covid-19, the FCA has agreed to give firms additional time ...
  • Fair pricing in financial services

    27/07/2020
    Ensuring customers receive fair value for financial services is a major regulatory concern at the moment. Issues of fairness in pricing are likely to become increasingly prevalent and complex in the future as firms’ use of new technologies and data becomes more sophisticated. Fair pricing is directly relevant to FCA’s ...
  • Coronavirus and customers in temporary financial difficulty: proposals to extend guidance

    27/07/2020
    The FCA has announced proposals to extend a series of temporary measures designed to help customers holding insurance and premium finance products and who may be experiencing temporary financial difficulty as a result of coronavirus (the Proposals). The temporary measures originally came into force on Monday 18th May 2020 and ...
  • FCA confirms further support for a range of customers, including motor finance customers, affected by Covid-19

    17/07/2020
    The FCA has confirmed the support available for motor finance, high-cost short-term credit, buy now pay later, rent-to-own and pawnbroking customers who continue to experience payment difficulties due to the coronavirus pandemic (collectively, the Guidance), coming into force today (17 July 2020). Alongside the Guidance, the FCA also published the ...
  • FCA confirms further support for consumer credit customers

    06/07/2020
    Following the release of previous guidance, on 1 July 2020, the FCA confirmed the support certain users of consumer credit products will receive if they continue to experience temporary payment difficulties due to coronavirus (Covid-19) (the “Guidance”). Background The FCA has sought to assist customers using consumer credit products since ...
  • FCA announces proposals to further support motor finance and high cost credit customers

    03/07/2020
    The FCA has today announced further proposals in the form of draft guidance (the Proposals) building upon the temporary financial relief already offered to users of motor finance and high cost credit products who continue to experience payment difficulties as a result of coronavirus, reported earlier this year. The Proposals ...
  • FCA announces proposals to further support consumer credit customers

    19/06/2020
    The FCA has today announced further proposals in the form of draft guidance (the Proposals) building upon the temporary financial relief already offered to consumer credit customers impacted by coronavirus, reported earlier this year. The Proposals will be applicable to credit card, other revolving credit (such as store card and ...
  • Coronavirus and customers in temporary financial difficulty: final guidance for insurance and premium finance firms

    15/05/2020
    The Financial Conduct Authority (“FCA”) has issued its final guidance (and accompanying feedback statement) for insurance and premium finance firms on the fair treatment of customers in temporary financial difficulty as a result of coronavirus. The guidance will come into force on 18th May 2020 and will be reviewed in ...
  • FCA confirms support for motor finance customers

    27/04/2020
    Further to the draft guidance published on 24th April 2020, the FCA has now issued its final guidance regarding support for customers of motor finance agreements, who are struggling financially as a result of the coronavirus pandemic. The FCA welcomed comments on the draft guidance by way of a short ...