FCA verifies price limit rules for payday loan providers

FCA verifies price limit rules for payday loan providers

Individuals making use of payday loan providers along with other providers of high-cost credit that is short-term start to see the price of borrowing autumn and can do not have to repay significantly more than double just exactly just what they initially borrowed, the Financial Conduct Authority (FCA) confirmed today.

Martin Wheatley, the FCA’s ceo, said:

‘we have always been confident that the newest guidelines strike the balance that is right businesses and customers.Continue reading