Sector Regulation Sector Regulation

UK lenders collecting Covid-19 state-backed debt must treat businesses fairly, FCA says

By Fiona Maxwell
  • 26 Jan 2021 07:51
  • 23 Feb 2021 08:50
Banks and building societies recouping payments from businesses that have borrowed government-backed Covid-19 loans must treat customers fairly and allow them forbearance on top of flexible repayment options, the UK’s Financial Conduct Authority said today.

In finalized guidance on how business borrowers can take advantage of “pay as you grow” options

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