成人头条

The 成人头条has responded to the FCA's emergency consultation on proposals for temporary relief for consumer credit borrowers affected by the COVID-19 pandemic. The proposals, issued on 2 April for comment by  9 am on 6 April, cover overdrafts, credit cards, and personal loans that are regulated agreements. The 成人头条supports the FCA’s objective of providing temporary support to borrowers affected by the lockdown measures taken to combat the coronavirus pandemic, and has made two separate responses. The first covers the proposals as a whole from the perspective of 成人头条members generally. The second, submitted through the National Credit Union Forum (now the credit union committee of the BSA), specifically  addresses the situation of credit union loans. Both responses can be read below.

General response : we comment on the start date, the end of the relief, and technical compliance with the Consumer Credit Act. 成人头条supports the more detailed response from UK Finance. 成人头条contact - Elaine Morton

Credit union specific response : we support the FCA's focus on regulated agreements, meaning that credit union loans are out of scope but borrowers will be helped by credit unions' established approach to those in financial difficulties. 成人头条contact - Jeremy Palmer