Changes will soon be made to the Lending Code following an independent review, which may come as good news to those seeking PPI refunds.On March 2nd, the British Bankers Association revealed that customers who borrow from the UK’s major lenders will benefit from changes set to be introduced.Recommendations in the review that will be adopted will mean there will be stronger requirements for responsible credit assessment, while there will also be new provisions on customers’ ability to opt-out from unarranged overdrafts.Customers who are in or are approaching financial difficulties will also be given more support.A spokeswomen for the Consumer Credit Counselling Service commented on this announcement.She said: "I think because the situation of consumers is always changing, it's always important that everyone in the industry work hard to understand the situation and how it can be addressed. All aspects of the consumers experience can be improved."Charles BakerCharles is a reputed financial analyst with almost decades of experience under his belt.
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