05 Jun вЂNo place in customer credit marketplace for loan providers creating a fast dollar’
Payday lenders along with other high expense brief term loan providers would be the subject of an in-depth thematic review to the means they gather debts and manage borrowers in arrears and forbearance.
The review may be one of many initial actions the Financial Conduct Authority (FCA) takes as regulator of credit rating, which starts on 1 April 2014, and reinforces its dedication to protecting customers – one of the statutory goals.