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Philip Hammond Launches Assault on Payday Lenders and Loan Sharks

Philip Hammond Launches Assault on Payday Lenders and Loan Sharks

Philip Hammond has his sight on payday lenders and loan sharks. The UK government has plans to launch a no-interest loan scheme for low-income individuals in Britain. Hammond is expected to tackle the debt problem by establishing an alternative for… Continue Reading

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Ministers Set Aside £800,000 for Hunting Down Illegal Loan Sharks

Ministers Set Aside £800,000 for Hunting Down Illegal Loan Sharks

UK Ministers have pumped £800,000 into efforts aimed at cracking down on illegal loan sharks out to exploit the most vulnerable borrowers. Rogue lenders capitalising on desperate borrowers are going to face a fresh stringent crackdown. £100,000 of the money… Continue Reading

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The FCA ”killed” Payday Loans But What Has Come After Appears To Be Just As Bad For Borrowers

The FCA ''killed'' Payday Loans But What Has Come After Appears To Be Just As Bad For Borrowers

Many people in Britain applauded when the FCA (Financial Conduct Authority) put an end to Wonga-style payday loans back in 2015. Fast forward two years later, the applause is over. In fact, fear has set in over whether the FCA’s… Continue Reading