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UK’s Short-term Lending Business ‘Desperate’ for Innovation

UK’s Short-term Lending Business ‘Desperate’ for Innovation

The UK’s high-cost short-term financing industry (HCST) has seen a giant upheaval within the last few year – perhaps much more than just about some other regulated industry in the united kingdom.

While the Financial Conduct Authority introduced brand new policies in January 2015 such as for instance day-to-day price limit and a tougher authorisation procedure, this has taken some years to start to see the effect that is full.