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FCA to freeze consumer loan payments in emergency measures

By Sean Farrell

Date: Thursday 02 Apr 2020

(Sharecast News) - The Financial Conduct Authority has asked lenders to introduce loan payment freezes and interest-free overdrafts to support consumers whose finances have been hit by the Covid-19 crisis.
The City regulator said banks and other lenders should suspend payments on loans and credit cards for up to three months....

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