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CMA sets out proposals to lower payday loans costs

CMA sets out proposals to lower payday loans costs

The CMA has actually set out proposals to improve cost competition between payday loan providers that assist borrowers see a much better price.

These proposals have been developed in light associated with Financial behavior expert’s (FCA) costs cap proposals revealed this July and can let make sure that the cover, in fact it is designed to secure consumers from exorbitant charges, does not merely become a going rate recharged by all loan providers. (more…)

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