Overdraft and credit card payment holidays set to be extended until October
Financial Conduct Authority (FCA) has announced proposals which would provide continued support for users of certain consumer credit products, who are struggling with their finances as a result of the ongoing impact from the coronavirus pandemic. Under the latest FCA plans, overdraft customers will be able to ask for a further three-month interest-free buffer of up to £500 and anyone who has yet to request one will be able to do so until October 31.