FCA verifies cost limit rules for payday loan providers

FCA verifies cost limit rules for payday loan providers Individuals making use of payday loan providers as well as other providers of high-cost short-term credit will understand price of borrowing autumn and certainly will never need to repay significantly more than double exactly exactly what they initially borrowed, the Financial Conduct Authority (FCA) confirmed today. Martin Wheatley, the FCA’s ceo, stated: ‘we am certain that […]