Regulatory Alerts2020-07-14
Added · Updated
High-cost short-term credit agreements and coronavirus: updated temporary guidance for firms
The regulator issued updated temporary guidance for firms regarding high-cost short-term credit agreements during the coronavirus pandemic. This document replaces previous guidance effective from 25 November 2020 and finalizes revisions proposed on 3 July 2020 to provide continued exceptional support for consumers facing payment difficulties. The regulator proposes to disapply certain rules to give effect to these expectations for firms.