FCA ready to extend Covid measures on consumer credit and overdrafts

By Neasa MacErlean

TheFCA says that it could extend its special coronavirus guidance on consumercredit and overdraft products. Unveiling a new phase beyond the end date of thecurrent guidance on 31 October, the regulator said that it would be kept underreview and that “consideration will be given to any further measures that maybe needed to support consumers during the ongoing pandemic” if circumstanceschange “significantly”.