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payday loan companies gearing for a change

Payday Loan Companies in the UK Facing New Regulations in 2014

Posted on October 7, 2013 by Kristy Lamar

U.S. states continue to work at regulating even the best payday loan companies. The focal point to this regulation is always to limit predatory lending power over customers who have difficulty coming out from under short-term loan debt. Some states ban the loans altogether while others cap rates and loan amounts. As Americans continue to struggle with their relationship with direct payday lending companies, the UK’s lenders are being warned for tougher regulations to come. There are many news stories from the UK about poor practices and extreme interest rates. With only … Continue reading →

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