“There will simply be four payday that is main running when you look at the sector.”
It was the claim produced by the Financial Conduct Authority (FCA) back in 2014, when I sat in a crowded seminar hall in the middle of other payday loan providers and brokers. Utilizing the FCA taking over through the workplace of Fair Trading that year, numerous industry players had been anticipating 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. Continue reading Exactly why are a lot of payday loan providers going into management? There will simply be four…