Pandemic rules to be made permanent for borrowers in financial difficulty

Rules introduced to help borrowers in financial difficulty during the Covid crisis are on course to be made permanent by spring next year.

By Neasa MacErlean

A consultation was launched on the issue by the regulator on the same day that it announced 17 lenders had agreed to pay redress of up to £47 million to 195,000 of their borrowers - as a result of failings on issues including vulnerability and not tailoring support.