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The federal government would be to introduce a new legislation to cap the price of payday advances.
The amount of the limit, which includes perhaps maybe perhaps not yet been established, will undoubtedly be determined by the brand new industry regulator, the Financial Conduct Authority (FCA).
The Treasury claims there was “growing proof” in support for the move, such as the aftereffects of a limit currently in position in Australia.
Continue reading “Pay day loans: brand brand brand New law to limit expenses”