New guidelines have recently been issued by the Consumer Finance Association which are going to help people be prevented from being ripped off by loan companies offering money on a payday basis. These new guidelines have been heavily criticised though by many consumer groups saying that the new regulations do not go anywhere near far […]
Tag: payday loans
New survey reveals the different views on payday loans
The Consumer Finance Association is a trade association which has as members several payday loan companies. They are saying that the international research agency, YouGov, has carried out on their behalf the biggest ever survey into the payday loan industry and the CFA say that the survey found that there is a big difference in […]
Yes Loans have their credit licence revoked by the OFT
Yes Loans, the UK credit broker, has had its licence taken away by the Office of Fair Trading (OFT) due to concern that it used ‘deceitful and oppressive’ business practices. Two associated businesses, Money Worries Limited and Blue Sky Personal Finance, have also had their consumer credit licences revoked. After a long term investigation, the […]