Category Archives: Alaska title loans

City remark: The FCA killed payday advances but exactly what adopted could possibly be in the same way detrimental to borrowers

heers went up from Lambeth Palace to Westminster City following the watchdog the Financial Conduct Authority clamped straight down on Wonga-style payday advances in 2015.

But couple of years in the applause has stopped, changed by worries over perhaps the payday assault has unintentionally resulted in a slew of the latest headaches for borrowers. The FCA, led by Andrew Bailey, is investigating what impact the limit has already established on borrowers.

Early evidence from industry teams and debt charities tips up to a number that is growing of locked away from credit markets or pushed into other designs of high-cost loans. Continue reading