In 2015 the Financial Conduct Authority (FCA) started managing the buyer credit industry

In 2015 the Financial Conduct Authority (FCA) started managing the buyer credit industry including high-cost credit. As a result, businesses providing pay day loans, short-term loans, cash till payday advances, bad credit loans and online loans who had been formerly registered with workplace of Fair Trading had to make an application for a permit when they “wished to keep carrying…

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