Credit countdown – Review into business collection agencies techniques of payday lenders begins on time certainly one of FCA legislation

Credit countdown – Review into business collection agencies techniques of payday lenders begins on time certainly one of FCA legislation Payday loan providers as well as other cost that is high term loan providers would be the topic of an in-depth thematic review in to the method they gather debts and manage borrowers in arrears and forbearance, the Financial Conduct Authority (FCA) announced today. The review should be among the first actions the FCA takes as regulator of credit rating, which starts on 1 April 2014, and reinforces its dedication to protecting customers – one of its statutory goals. […]