UK’s Short-term Lending Business ‘Desperate’ for Innovation

UK’s Short-term Lending Business ‘Desperate’ for Innovation The UK’s high-cost short-term financing industry (HCST) has seen an enormous upheaval within the last 12 months – perhaps way more than just about any regulated industry in britain. While the Financial Conduct Authority introduced brand brand new policies in January 2015 such as for example daily cost limit and a tougher authorisation procedure, it offers taken some years to look at complete impact. Particularly, the development of strict guidelines has seen a number of...

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