The Financial Conduct Authority has published a consultation paper in which it sets out its proposals for introducing a cap on the cost of so-called 'pay day' loans. The paper, titled Proposals for a price cap on high‐cost short‐term credit, is available here (pdf).
Tuesday, 15 July 2014
UK: FCA proposals for a price cap on high cost short term credit
The Financial Conduct Authority has published a consultation paper in which it sets out its proposals for introducing a cap on the cost of so-called 'pay day' loans. The paper, titled Proposals for a price cap on high‐cost short‐term credit, is available here (pdf).
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