Categories
Arkansas Payday Loans Online

In 2015 the Financial Conduct Authority (FCA) started managing the customer credit industry

In 2015 the Financial Conduct Authority (FCA) started managing the customer credit industry

including high-cost credit. As a result, businesses providing payday advances, short-term loans, money till payday advances, bad credit loans and online loans have been formerly registered with workplace of Fair Trading needed to submit an application for a permit when they “wished to keep carrying in controlled credit activity”.

This is done to make sure clients were being addressed fairly, that loans are not being provided irresponsibly and also to ensure clients are not caught in a spiral of financial obligation by presenting an amount limit.