Struggling credit card holders could see fees and charges waived

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FCA makes proposals for those with persistent credit card debt, where all their money goes on repayments

Millions of people languishing under long-term credit card debt could see their charges eased or withdrawn under proposals outlined by the financial watchdog.

The Financial Conduct Authority (FCA) has announced a raft of measures to help people in persistent credit card debt, including waiving or cancelling interest and charges if customers cannot afford to curb their liabilities through a repayment plan.

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April 03, 2017 at 04:25PM

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from Miles Brignall

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