What temporary guidance has been issued by the FCA? The Financial conduct Authority (FCA) has issued temporary guidance, applying for an initial period of three months, to a significant number of firms in the consumer credit sector. • On 9 April 2020, the FCA published its finalised temporary guidance to consumer credit firms dealing with customers needing coronavirus (COVID-19) related payment holidays for personal loans, credit cards and retail revolving credit (for example, catalogue credit or store cards) and overdrafts. This guidance came into force on 14 April 2020. For more, see: Q&A: 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 24 April 2020, the FCA published its finalised temporary guidance