We’re now into January 2015 and that means one of the major new Financial Conduct Authority rule changes has come into effect for short-term lenders: this is the new rate cap, where lenders can’t charge […]
Go beyond the headlines
Failing debt management firms due to leave consumers stranded
In recent times, tough economic conditions in the UK have seen many people fall into debt. In some cases individuals have seen their debts spiral to such an extent they either couldn’t afford to repay […]
Stamp duty joy for thousands
Yesterday, Chancellor George Osborne gave his Autumn Statement to Parliament; the final one before the next General Election. The big bonus from a consumer’s perspective was the announced changes to stamp duty which came into effect […]
Mr Lender leads the way in short-term consumer credit market
PRESS RELEASE 4 December 2014 Mr Lender , a leading UK-based short term loans provider, today announces it is one of the first in its industry to introduce a new, lower interest rate for customers. […]
New FCA rules for credit brokers
On Monday this week, The Financial Conduct Authority (FCA) moved to introduce further rules regarding the activities of credit brokers operating in the short term lending market. The new rules came with no prior consultation, […]
Responsible across the board
Marc from Mr Lender talks about reports of ministers pushing for payday loan TV ads to only be shown post 9pm watershed – and how the industry can help itself through sophisticated branding.
Where to get financial help
Is debt taking over your life? Feel like you’re sinking further and further? Here is a list of places you can get specialist debt and money advice. The Money Advice Service The Financial Conduct Authority […]
FCA regulation explained
On 1 April 2014 the Financial Conduct Authority (FCA) took over regulation of the payday loan industry… but what does this mean for consumers? Here’s a summary of the changes made… Loan rollovers are limited […]