Debt charities and MPs want action when City watchdog’s 18-month review is publishedThe City watchdog is facing mounting pressure to extend its cap on payday lending fees and interest to a broader range of high-cost financial products before a major review of lending practices this week. Debt charities and politicians are urging the Financial Conduct Authority (FCA) to take decisive action on Thursday when it publishes the findings of an 18-month review into bank overdrafts, doorstep loans, catalogue credit and rent-to-own borrowing. Continue reading…
Source : theguardian.com
Read more…FCA urged to extend cap on payday loan fees to other forms of credit















