The Financial Conduct Authority (FCA) is proposing new rules to help protect consumers in persistent credit card debt. The FCA estimates about 3.3m people are in persistent debt, more than half of them (1.8m) for two consecutive periods of 18 months. Persistent debt can cost as much as £2.50 per £1 borrowed. Under the proposals, firms would be required to help those in persistent debt, including, in severe cases, waiving interest or charges.
popular 3% Tesco account is back
Tesco is reopening applications for its popular current account paying 3% interest. Holders must pay at least £750 a month into the account.
Nurseries duck free childcare vow
Just 44% of nurserie…
Read the full article at: https://www.thetimes.co.uk/article/plan-to-help-3-3m-in-persistent-debt-zknw3pk5v
