FCA confirms price cap rules for payday lenders – Financial Conduct Authority

[Legal Beagles]

People using payday lenders and other providers of high-cost short-term credit will see the cost of borrowing fall and will never have to pay back more than double what they originally borrowed, the Financial Conduct Authority (FCA) confirmed today. Martin Wheatley, the FCA’s chief executive officer, said: ‘I am confident that the new rules strike […]

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[Amethyst]

Re: FCA confirms price cap rules for payday lenders – Financial Conduct Authority

https://www.stepchange.org/Mediacent...npricecap.aspx - Stepchange response

http://www.citizensadvice.org.uk/ind...e-20141111.htm - CAB response