Coronavirus: Loan and credit card payments set to be frozen
People struggling with loan repayments and overdraft fees amid the coronavirus pandemic will be granted temporary relief under new proposals.
The City watchdog also wants interest on the first £500 of existing overdrafts to be frozen for a period.The watchdog is asking banks to respond to the proposed measures by Monday 6 April, and it wants them to come into force by Thursday 9 April.
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