FCA introduces temporary guidance to consumer credit firms dealing with certain customers needing COVID-19 related payment holidays

On 14 April 2020, the UK Financial Conduct Authority’s guidance for consumer credit firms dealing with customers needing COVID-19 related payment holidays under certain regulated credit came into force.

There’s guidance for credit cards (including retail revolving credit), personal loans (but there are a number of exclusions including motor finance) and overdrafts.

My one page summary of the guidance is: