FCA confirms payment deferral proposals

By |2020-11-04T10:18:34+00:00November 4th, 2020|Categories: Leasing & Finance News|Tags: , , |

FCA said it is important that borrowers who can afford to make repayments continue to do so and urged consumers not to contact their lender until the enhanced measures are in place. Lenders will soon provide further information. Under the FCA’s proposals, borrowers would have until 31 January 2021 to request an initial payment deferral.