Q&As

On 9 April 2020, the Financial Conduct Authority confirmed a package of targeted temporary measures to help people with some of the most commonly used consumer credit products. What are the implications of the measures?

read titleRead full title
Produced in partnership with Russell Kelsall LLB (Hull); LPC (Shef) of TLT
Published on LexisPSL on 16/04/2020

The following Financial Services Q&A produced in partnership with Russell Kelsall LLB (Hull); LPC (Shef) of TLT provides comprehensive and up to date legal information covering:

  • On 9 April 2020, the Financial Conduct Authority confirmed a package of targeted temporary measures to help people with some of the most commonly used consumer credit products. What are the implications of the measures?
  • On 9 April 2020, the Financial Conduct Authority confirmed a package of targeted temporary measures to help people with some of the most commonly used consumer credit products. What are some of the industry wide issues contained in the measures?
  • What temporary measures have been introduced that are common to credit cards/retail revolving credit and personal loans?
  • Are there any measures that relate just to credit cards/retail revolving credit?
  • Are there any measures that apply just to personal loans?
  • Are there any types of consumer credit lending that the temporary measures do not apply to?

On 9 April 2020, the Financial Conduct Authority confirmed a package of targeted temporary measures to help people with some of the most commonly used consumer credit products. What are the implications of the measures?

On 9 April 2020, the Financial Conduct Authority confirmed a package of targeted temporary measures to help people with some of the most commonly used consumer credit products. What are some of the industry wide issues contained in the measures?

For credit files, the customer’s file with the credit reference agencies should not be in a worse position where they have a deferral. For statutory notices and statements, firms should consider their legal obligations and continue to comply with the framework.

What temporary

Popular documents