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The FCA sets away in detail exactly just how it’s going to manage credit, including payday lending

The FCA sets away in detail exactly just how it's going to manage credit, including payday lending The Financial Conduct Authority (FCA) set out its vision for the regulation of consumer credit when it takes over from today The proposed regime will permit the FCA to offer more powerful security and better results for customers as compared to OFT that is existing regime. There will be tougher demands for payday loan providers, including a mandatory affordability check on borrowers, restricting the sheer number of loan roll-overs to two, and limiting (to two) how many times a consistent re re payment…