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UK Banks to Pay £47M in Redress to Struggling Borrowers

UK Banks to Pay £47M in Redress to Struggling Borrowers
The Financial Conduct Authority (FCA) has ordered banks and lenders to support financially struggling borrowers in repaying their mortgages and loans. The decision on Thursday came as many Britons are impacted by the interest rate rise. FCA’s Push to Support Struggling BorrowersThe UK’s financial market watchdog has already worked with almost 100 lenders to evaluate the way they are treating borrowers. It has found several issues, including inadequate tailored support for individual circumstance... Read More
Posted: May 25 2023, 10:33
Author Name: financemagnates
Views: 081489

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