Consumer Credit and Coronavirus: Final FCA Guidance

Further to the draft guidance which we wrote about on the 16th, the FCA has today published its finalised guidance which is to take effect from 2nd October.

The guidance, which covers credit cards, loans, rent to own, BNPL, pawnbroking, motor finance and HCST, sets out the FCA’s expectations for firms where customers remain in, or have recently encountered, financial difficulties as a result of COVID-19.

Please get in touch if you’d like to see our detailed summary on this guidance.

Emma Radmore