Tag: FCA

FCA says credit card companies are not doing enough to aid those in persistent debt

The FCA has told credit card companies that they must do more to help customers who are in persistent debt. In 2018 the Financial Conduct Authority (FCA) introduced new rules aimed to help those customers who had been in persistent credit card debt for the last 36 months. Their recent research though has found that…




Payday Lenders failures in Debt Collection

Payday Lenders have come under fire a lot recently in the press due to their debt collection practices. The FCS (Financial Conduct Authority) has reviewed debt collection practices of payday lenders and found unfair practices in every one of them. The review found that customers are being treated unfairly and in many cases these customers…