Compliance Monitor
FCA imposes payment freezes on high-cost credit
By Neasa MacErlean
The FCA has introduced measures in the consumer credit market following a
three-day consultation — intended to help motor finance, Buy-Now-Pay-Later (BNPL), Rent-To-Own (RTO), pawnbroking customers and takers of payday
loans as well as other High-Cost Short-Term (HCST) credit deals.