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Credit countdown – Review into commercial collection agency methods of payday lenders begins on one of FCA regulation day

Credit countdown – Review into commercial collection agency methods of payday lenders begins on one of FCA regulation day Payday lenders along with other high price quick term loan providers is the topic of an in-depth thematic review in to the method they gather debts and manage borrowers in arrears and forbearance, the Financial Conduct Authority (FCA) announced today. The review will likely be one of many initial actions the FCA takes as regulator of credit rating, which starts on 1 April 2014, and reinforces its dedication to protecting customers – one of its objectives that are stat...
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