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Payday lenders take brunt of new regulatory rules

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  • #1

    Payday lenders take brunt of new regulatory rules

    Payday lenders take brunt of new regulatory rules

    This is a duplicate of the Blog Entry made on 28th February 2014 13:16.

    The Financial Conduct Authority (FCA) has published final rules on how it intends to regulate the consumer credit market, with higher standards for...

    Click to Read More...
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    Tags: april, bbc, borrowers, business, cap, checks, conduct, consumer, consumer credit, credit, debt, fca, financial, lenders, loans, payday, payday lenders, regulation, regulatory, repay, review, rules, size
  • #2
    Re: Payday lenders take brunt of new regulatory rules

    Payday lenders face cap on rollovers and compulsory affordability checks in 'biggest overhaul of the consumer credit industry in four decades'....Read more here
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    • #3
      Re: Payday lenders take brunt of new regulatory rules

      Payday lenders are facing an inquiry into the way they treat borrowers struggling to repay their loans.


      The Financial Conduct Authority (FCA) said the review will be one of its first actions when it takes over regulation of the consumer credit sector on 1 April.
      It has already outlined several other plans to toughen regulation in the high cost, short-term loans market.

      More----> http://www.bbc.co.uk/news/business-26539569
      I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

      If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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