Mortgage, credit providers should offer forbearance options to struggling borrowers, says UK's FCA
( July 31, 2020, 13:57 GMT | Official Statement) -- MLex Summary: Mortgage and credit providers should continue to support their customers struggling to make payments due to Covid-19 financial difficulty, the UK’s Financial Conduct Authority said today. That support should not necessarily be a further payment deferral, the FCA said in a call for input published today, but lenders should not wait for a customer to miss a payment before providing the appropriate support.The statement follows. The call for input is attached....
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