Exactly why are countless payday loan providers going into management?

Exactly why are countless payday loan providers going into management?

“There will simply be four main payday loan providers operating within the sector.”

This is the claim created by the Financial Conduct Authority (FCA) back 2014, when I sat in a seminar that is crowded in the middle of other payday loan providers and brokers. Utilizing the FCA taking over through the workplace of Fair Trading that 12 months, numerous industry players were expecting a shake-up as directors of pay day loan businesses and I also huddled into this space looking to get some understanding of the regulation that is pending. Read More “Exactly why are countless payday loan providers going into management?”

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