Thousands of pay day loan middlemen face tough rules that are new the town watchdog highlighted “blatantly unjust” remedy for customers.
Borrowers have actually complained about credit agents using costs without authorization for “half-hearted claims” of pay day loans.
Some have actually reported that they thought the brokers had been, in reality, loan providers.
The Financial Conduct Authority (FCA) stated clear agreements must be made explaining charges that would be levied. Continue reading