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Pay day loans: Five h >The Financial Conduct Authority is proposing to cap the costs that payday lenders may charge, but is it an idea that is good?

Pay day loans: Five h >The Financial Conduct Authority is proposing to cap the costs that payday lenders may charge, but is it an idea that is good?

Payday loan providers will be subject to now a limit in the costs and interest levels they they charge customers under proposals floated by the Financial Conduct Authority.

But, in its assessment regarding the matter, the watchdog has admitted that the limit might have a true amount of consequences. Continue reading Pay day loans: Five h >The Financial Conduct Authority is proposing to cap the costs that payday lenders may charge, but is it an idea that is good?