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UK Finance: Responds to FCA announcement | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

UK Finance: Responds to FCA announcement

By Laura M

July 4, 2020

UK Finance: Responds to FCA announcement

UK Finance members have offered over 27 million interest-free overdrafts, provided 992,400 payment deferrals on credit cards
Lenders also committed to providing ongoing support to those customers that need it
The Financial Conduct Authority’s (FCA) guidance outlines next steps for customers who impacted by Covid-19
Customers yet to request a payment freeze or an arranged interest-free overdraft of up to £500
Lenders committed to supporting customers through these tough times and the updated guidance from the FCA
Customers who have not applied to their lender for support still have the opportunity to do so until the end of October

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