UK card issuers may have to pay up to 14 times more than originally thought to help customers in persistent credit card debt. The Financial Conduct Authority (FCA) has significantly increased its estimate for the cost of plans that would force lenders to reduce, waive or cancel interest and charges for customers struggling with severe [...]
The post FCA CONSULTATION ON PERSISTENT DEBT ADDS TO BANKING WOES appeared first on Payments Cards & Mobile.
