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Coronavirus (COVID-19)—FCA director outlines priorities for consumer credit

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Published on: 04 November 2020

Published by LNB News

LNB News 04/11/2020

Document Information

Issue Date: 04 November 2020

Published Date: 04 November 2020

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

Article summary

The executive director of supervision—retail and authorisations at the Financial Conduct Authority (FCA), Jonathan Davidson, has spoken about the challenges of the coronavirus (COVID-19) crisis for the consumer credit market, the FCA’s expectations around forbearance, the operational challenges firms will need to overcome, the importance of treating vulnerable customers appropriately, and the future direction of the industry.

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