Category: Direct Lender Installment Loans Online

Cheque Centre stops offering solitary payment payday loans and agrees to change business design to satisfy FCA’s tougher customer security needs

Cheque Centre stops offering solitary payment payday loans and agrees to change business design to satisfy FCA’s tougher customer security needs

An important UK payday loan provider has exited the instalment that is single loan market (i.e. loans that must be repaid in one lump sum) and promised to change the real means it gives loans and treats customers struggling to settle their debts, after an understanding aided by the Financial Conduct Authority (FCA).

Also as not any longer selling instalment that is single loans, Cheque Centres Limited (Cheque Centre) has additionally stopped its business collection agencies phone calls to clients until it tells the FCA that improvements were made. Cheque Centre has agreed a great many other actions aided by the FCA therefore it can meet with the brand brand brand new regime that is regulatory therefore the FCA will appoint a talented person to try the modifications.…