UK’s Short Term Lending Industry ‘Desperate’ for Innovation

The UK’s high-cost short term lending industry (HCST) has seen a huge upheaval in the last 12 months – possibly more so than any other regulated industry in the UK. Whilst the Financial Conduct Authority introduced new policies in January 2015 such as daily price cap and a tougher authorisation process, it has taken some years to see the full effect.

Source: uktech
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