FCA Urges Lenders To Help With Inflation Surge

By Dawood Fakhir (June 16, 2022, 2:29 PM BST) -- Britain's financial regulator on Thursday urged banks and credit firms in the country to provide the right support to consumers amid the cost-of-living crisis, as the poorest households are expected to face average annual inflation rates of up to 14%.

The Financial Conduct Authority reminded more than 3,500 lenders in a "Dear CEO" letter of the standards it expects them to meet as more borrowers struggling with payments will require help going into the autumn.

The letter was based on the findings of the FCA's research since the early stages of the COVID-19 pandemic that included four surveys of over 400...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!