Payday lenders must shape up from tomorrow or lose their license under new rules

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Payday lenders must shape up from tomorrow or lose their license under new rules – Lo

30th June 2014, 15:50:PM

Payday lenders must act more responsibly or face being put out of business under new rules that come into force tomorrow. Crucially, high-cost credit companies have been banned from rolling over loans more than twice after it emerged that lenders were making half their profits from rollovers. But encouraging people to rollover loans again and […]

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Payday lenders must shape up from tomorrow or lose their license under new rules – Lo

Payday lenders must shape up from tomorrow or lose their license under new rules – Lo

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