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FCA Considers Relaxing Mortgage Rules and Contactless Payment Limits to Boost Economy
The Financial Conduct Authority (FCA) is reviewing strict mortgage lending rules introduced after the 2008 financial crisis, potentially making it easier for people to borrow for homes. It is also exploring the removal of the £100 cap on contactless card payments. These measures are part of broader efforts to stimulate economic growth, as requested by UK government leaders. The FCA will examine the balance between consumer protection and promoting economic activity.
Written by: Administrator Source: Top Move
