Research for the Financial Conduct Authority resulted in an amount cap for payday advances – protecting significantly more than four million pay day loan clients from exorbitant interest costs.
Effects
- Dr John Gathergood worked aided by the Financial Conduct Authority (FCA) to carry out the planet’s study that is largest regarding the behaviour of households that utilize payday solutions, leading to tips for establishing the amount of a loan cost limit. Continue reading “Cost limit protection against high priced pay day loans”