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Coronavirus (COVID-19)—FCA calls for input on ongoing payment deferrals guidance

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Published on: 31 July 2020

Published by LNB News

LNB News 31/07/2020

Document Information

Issue Date: 31 July 2020

Published Date: 31 July 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) is asking for early views on its temporary guidance to firms on providing payment deferrals for mortgage and consumer credit products, which, at present, will remain in effect until 31 October 2020. The FCA is keen to find out from credit and mortgage providers, as well as consumer groups, what support consumers who remain in difficulty may need, whether any aspect of the current guidance should remain in place beyond 31 October 2020, and if not, what other form of support should takes its place. The deadline for submitting responses is 7 August 2020.

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