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Thousands of people may lose credit cards under new FCA rules

Thousands of credit card customers are at risk of having their accounts suspended in the new year due to the City regulator’s new affordability rules.

Thousands of people may lose credit cards under new FCA rules
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people may lose credit cards

Credit card providers – including UK banks such as Barclays, Lloyds and Royal Bank of Scotland – were last year forced to identify customers who had been in persistent debt for at least 18 months, and have had a further 18 months to convince customers to increase their payments.

Read more at KYC360.

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