FCA verifies cost cap rules for payday loan providers

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  • blogicon1January 22, 2020

FCA verifies cost cap rules for payday loan providers Individuals utilizing payday loan providers as well as other providers of high-cost short-term credit will look at price of borrowing autumn and certainly will not have to repay significantly more than double just just what they initially borrowed, the Financial Conduct Authority (FCA) confirmed today. Martin Wheatley, the FCA's ceo, stated: 'we have always been certain that this new guidelines strike the right stability for organizations...