Limits on the amounts payday lenders can charge customers - including a rule stating lenders cannot receive more in fees and interest on a loan than the amount borrowed - have been confirmed by the financial regulator.
The changes will mean someone taking out a loan for 30 days and repaying on time will not pay more than £24 in fees and charges per £100 borrowed, the Financial Conduct Authority (FCA) said. FCA chief...
More than £167,000 raised
Beware ‘temporary’ vulnerability
Partner Insight: A renewed focus on 'knowledge-intensive' companies should help investors realise that these entrepreneurial companies are found in sectors other than biotech or technology.
Celtic WM and Active Wealth