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ALL THE LATEST NEWS ON COVID-19, AS IT HAPPENS

Our Covid-19 Tracker helps you find all related news on Treasury schemes, FCA guidance, industry action and more. 

To support our audience further, we’ve removed the paywall for selected Premium articles (highlighted in ‘Editor’s picks’ below) and the forthcoming digital issue of Credit Strategy magazine. Featuring an in-depth report on lenders’ continuity plans and customer support, the magazine will be free to download here next week.

We’ve also launched a discounted three-month Premium Membership to help members with staff working from home, and those using the furlough scheme, access content to stay engaged. Scroll down to click for more details on this package.
Payment deferrals surge past 1.7m on credit cards and loans

Payment deferrals surge past 1.7m on credit cards and loans

Lenders have now provided more than one million payment deferrals on credit cards and over 700,000 on personal loans, according to new data published today by UK Finance

Top Stories

Over half of borrowers regret using high cost credit products
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Over half of borrowers regret using high cost credit products

06 Aug 2020Lauren Tavener
Some 60% of borrowers on certain high-cost credit products regret using them, according to a Financial Conduct Authority (FCA) review that raises several concerns around relending

More Covid-19 News

CIVEA slams reports of bailiffs visiting homes to enforce debt during lockdown

CIVEA slams reports of bailiffs visiting homes to enforce debt during lockdown

The Civil Enforcement Association (CIVEA) has disputed reports that bailiffs are visiting people’s homes despite social distancing measures
CIVEA suspends enforcement action during Covid-19 outbreak

CIVEA suspends enforcement action during Covid-19 outbreak

The Civil Enforcement Association (CIVEA) has confirmed its members will cease enforcing public debt during the coronavirus crisis
Debt recovery firms face coronavirus and data protection trade-off

Debt recovery firms face coronavirus and data protection trade-off

Debt collection firms are increasingly facing a trade-off between data protection requirements and measures to curb the spread of Covid-19, Credit Strategy has learned
FCA sets out guidance for lenders using Covid-19 loan scheme

FCA sets out guidance for lenders using Covid-19 loan scheme

The FCA has published guidance for mortgage providers and lenders around how they should operate if they are participating in the Coronavirus Business Interruption Loan Scheme
Morses Club launches remote lending product, as collections performance holds up

Morses Club launches remote lending product, as collections performance holds up

Alternative lender Morses Club is launching a fully remote lending product within its home collected credit (HCC) division
Bank of England cuts interest rates, as financial market uncertainty reaches "extreme levels"

Bank of England cuts interest rates, as financial market uncertainty reaches "extreme levels"

The Bank of England has announced an emergency cut in interest rates in response to the coronavirus outbreak
EDITOR’S PICKS
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