Sign up to FREE email alerts from Mirror - The Coronavirus Briefing Subscribe Thank you for subscribing We have more newsletters Show me See our privacy notice Invalid EmailCity watchdog the FCA has just suspended its credit card persistent debt rules. But given concerns over the impact of coronavirus on people's finances, the FCA has now told banks no one can have their card suspended until October at the earliest. "Given the challenges facing many customers at present we think they should be given more time, until 1 October 2020, to respond to firms’ communications," The FCA told banks. "This means that firms would not be obliged by our rules to suspend the cards of non-responders before then. "We welcome firms taking initiatives going beyond usual business practices to support their customers."

Source: Daily Mirror March 17, 2020 11:30 UTC