The UK’s high-cost term that is short industry (HCST) has seen an enormous upheaval within the last year – perhaps way more than virtually any regulated industry in britain.
While the Financial Conduct Authority introduced brand new policies in January 2015 such as for example day-to-day cost cap and a tougher authorisation procedure, it offers taken some years to look at complete impact.
Read moreUK’s Temporary Lending Business вЂDesperate’ for Innovation