Day: July 5, 2020
FCA to tell lenders to extend payment freeze on car finance and high-cost credit
New and nearly new cars are displayed for sale on a forecourt of a car dealership. (Matt Cardy/Getty Images) The UK’s Financial Conduct Authority (FCA) on Friday indicated that it will tell rent-to-own firms, car finance providers, and pawnbrokers to keep offering payment freezes to borrowers in financial difficulty in the wake of the coronavirus