In the last few years, those running into the regulated pay day loans industry have actually faced a raft of the latest guidelines enforced by the Financial Conduct Authority (FCA) and also the Competition and areas Authority (CMA).
The new guidelines
- All online lenders are now required to advertise on at least one price comparison site and also to show a link to this from this May.
- Both on the web and high road payday loan providers now have to offer existing clients with a listing of their cost of borrowing. Read More “Has regulation gone too much within the pay day loan industry?”