By Kevin PeacheyPersonal finance reporter, BBC Information
A limit in the price of payday advances enforced by the City regulator has come right into impact.
Pay day loan prices would be capped at 0.8 per cent per day for the quantity lent, and no-one will need to pay off in excess of twice the total amount they borrowed.
The Financial Conduct Authority (FCA) stated those struggling to repay is avoided from taking right out such loans. Continue reading “Spend loan charges cap takes effect day”