Payday Loans Interest Capped By Regulator

By |November 11th, 2014|

The amount of interest that payday lenders can now charge is limited, following action from the financial regulator.

The Financial Conduct Authority (FCA) has revealed new rules that mean payday lenders will only be able to charge 0.8% per day.

Essentially, that means that anyone taking out a loan for 30 days would pay back no more […]