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Supervision and Appraisal Skills
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31-Oct-2019Involving Medway update from MVA Many of you will be aware the Involving Medway (https://www.medwayccg.nhs.uk/getting-involved/involvement-projects/involving..

Financial Relief in the face of Coronavirus – Credit Plans from FCA now adopted by High Street Banks

07-Apr-2020

 

Recently proposed rules by the Financial Conduct Authority are to be introduced by Banks, Building Societies, Financial Lenders and other money firms in an effort to reduce pressure on customers in financial difficulties due to the COVID-19 pandemic.

As part of proposals planned by the Financial Conduct Authority (FCA) long before the coronavirus outbreak, the some of the policies being put into place include making overdraft pricing simpler and fairer, reducing the burden on some people who have previously been paying high charges.

As an example, this could mean financial firms can only charge one single annual interest rate for both arranged and unarranged borrowing.

On-line newscasters Kent Live have a listing of high street banks who are already putting the FCA’s proposals into place.

For more details, visit the Kent Live website.


 


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