U.S. Based Payday Loan Giants May Face Legal Action for Huge Scandal

U.S. Based Payday Loan Giants May Face Legal Action for Huge Scandal

Paydayrefunds.co.uk is planning to take action against U.S. based payday loan giants Curo, Lending Stream, and QuickQuid which targeted British customers charging them up to 2000% APR. The U.S. lenders have been accused of exploiting vulnerable Britons in a scandal… Continue Reading

Bank of England’s Ramsden Hints Interest Rate Hike In August

Bank of England’s Ramsden Hints Interest Rate Hike In August

According to the Bank of England (BOE) deputy governor, the UK economy stands to emerge from economic slowdown as wage pressures increase. The chances of a rate hike in August are high after a cautious policy setter at the BOE… Continue Reading

The FCA Keeps the Payday Loan Price Cap in Place until 2020

The FCA Maintains the Payday Loan Price Cap in Place until 2020

On 31st July 2017, the FCA published the results of a review it had done on high-cost credit which included an assessment of the effectiveness of its recent payday loan price cap. The review offers undisputed evidence that the FCA… Continue Reading