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Hendersons - Barristers' Chambers
Articles Consumer 27th Apr 2020

Further Consumer Credit Debt Moratorium

Following last week’s moratorium imposed by the Financial Conduct Authority in relation to credit card debts, overdrafts and personal loans, the FCA is imposing a similar moratorium on hire-purchase (annoyingly referred to by the trendy term ‘rent-to-own’), high-cost short-term credit (payday loans), buy-now-pay-later deals (BNPL) and pawn agreements.

Read more in this alerter by Richard Mawrey QC


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