Provident Financial’s loan issue has landed into the FCA’s lap. The lending company finalized as much as the economic regulator’s responsible practices, so just why the big mess?
The Financial Conduct Authority offered a site when it comes to country when it took in Wonga and its payday imitators – those that used were allowed to be simpler to get a grip on. Photograph: Chris Helgren/Reuters
The Financial Conduct Authority offered a site when it comes to country whenever it took in Wonga and its imitators that are payday those that used had been allowed to be simpler to get a grip on. Photograph: Chris Helgren/Reuters
Select your villain into the latest drama within the unlovely realm of high-cost short-term financing.
Is it Provident Financial, that is adopting aggressive strategies to manage a flood of complaints from clients of their home lending company?