Watchdog Throws Lifeline to Britons Drowning in Debt
LONDON (Reuters) – British lenders will only be able suspend credit cards if they can prove they have exhausted other options to help customers stuck in debt, Britain’s financial watchdog said on Monday. Under rules introduced in March 2018, the Financial Conduct Authority (FCA) forced credit card companies to help persistently indebted …
News story posted on 2020-02-04T00:46:00.0000000Z
