S&U plc (GB:SUS) has released an update.
S&U plc, a specialist in motor and property finance, has announced the lifting of collection process restrictions on its subsidiary Advantage Finance Limited by the Financial Conduct Authority (FCA). This follows a period of voluntary restrictions and constructive dialogue with the FCA regarding forbearance procedures for borrowers facing financial difficulties. The company, under the chairmanship of Anthony Coombs, looks forward to strengthening customer relationships through the reforms emerging from these discussions.
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