UK watchdog threatens to clamp down on 'unacceptable' payday lenders
( March 10, 2015, 14:36 GMT | Official Statement) -- MLex Summary: The Financial Conduct Authority has said the payday lenders must improve their treatment of customers "if they want to remain in the market." The comments follow a 12-month review of the industry by the FCA, which found "unacceptable practices from many lenders."The following is the text of the statement. The thematic review can be found in the attachement below the statement....
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