Skip to content
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
Insolvency GuardianInsolvency Guardian
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact
1300 60 70 60
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact

Credit card firms told to do more to help millions in debt – BBC News

Credit card firms told to do more to help millions in debt

  • 3 April 2017
  • From the section Business

Credit cardsImage copyright
Thinkstock

Credit cards firms must do more to help millions of customers in persistent debt, the financial regulator has said.

The Financial Conduct Authority (FCA) has published proposals that could mean credit card companies cancelling any interest or charges in extreme cases.

Firms would have to work more …

Read the full article at: http://www.bbc.co.uk/news/business-39476895

Category: Debt HelpBy Insolvency GuardianApril 3, 2017

Post navigation

PreviousPrevious post:Credit card firms told to do more to help millions in debt – BBC NewsNextNext post:Karen Millen founder declared bankrupt – Drapers

Related Posts

Huge vet bills forcing cash-strapped pet owners to make an impossible choice
May 22, 2025
Antony Waste Handling Cell Faces Mixed Technical Signals Amid Debt Management Strength – MarketsMojo
May 22, 2025
Town Committee of the Whole discusses debt management policy – Niagara Falls Review
May 22, 2025
Freedom Debt Relief review: Everything to know
May 22, 2025
Want to apply for credit card debt forgiveness this June? Start with these 3 items
May 22, 2025
How To Pay Off Credit Card Debt
May 22, 2025

Credit card firms told to do more to help millions in debt – BBC News

Credit cardsImage copyright
Thinkstock

Credit cards firms must do more to help millions of customers in persistent debt, the financial regulator has said.

The Financial Conduct Authority (FCA) has published proposals that could mean credit card companies cancelling any interest or charges in extreme cases.

Firms would have to work more closely with people in debt, such as drawing up a faster repayment plan.

FCA chief executive Andrew Bailey said the proposals should put “customers in greater control”.

The regulator defines someone in credit card debt if they have paid more in interest and charges than they have repaid of their borrowi…

Read the full article at: http://www.bbc.com/news/business-39476895

Category: Debt HelpBy Insolvency GuardianApril 3, 2017

Post navigation

PreviousPrevious post:What are ‘coffee naps’ and can they help you power through the day? – ABC OnlineNextNext post:Credit card firms told to do more to help millions in debt – BBC News

Related Posts

Huge vet bills forcing cash-strapped pet owners to make an impossible choice
May 22, 2025
Antony Waste Handling Cell Faces Mixed Technical Signals Amid Debt Management Strength – MarketsMojo
May 22, 2025
Town Committee of the Whole discusses debt management policy – Niagara Falls Review
May 22, 2025
Freedom Debt Relief review: Everything to know
May 22, 2025
Want to apply for credit card debt forgiveness this June? Start with these 3 items
May 22, 2025
How To Pay Off Credit Card Debt
May 22, 2025
Insolvency Guardian
© Insolvency Advisory Accountants Pty Ltd trading as Insolvency Guardian Australia.

Disclaimer

Go to Top
Call Now Button