UK Finance: Responds to FCA announcement
- UK Finance members have offered over 27 million interest-free overdrafts, provided 992,400 payment deferrals on credit cards
- Lenders also committed to providing ongoing support to those customers that need it
- The Financial Conduct Authority’s (FCA) guidance outlines next steps for customers who impacted by Covid-19
- Customers yet to request a payment freeze or an arranged interest-free overdraft of up to £500
- Lenders committed to supporting customers through these tough times and the updated guidance from the FCA
- Customers who have not applied to their lender for support still have the opportunity to do so until the end of October
