The payday advances industry ended up being as soon as hugely profitable and respected at around ВЈ2 billion, with payday advances giant Wonga producing millions in profit every year. But once the Financial Conduct Authority took over through the working office of Fair Trading in 2014 (and were only available in start 2015), there is a significant tidy up of this industry. Continue reading “Learning changes in FCA legislation for payday advances.What could be the future regarding the pay day loans industry?”
Mark Durkan (Foyle) (SDLP): I join other people in commending the hon. Users for Walthamstow (Stella Creasy) as well as North Swindon (Justin Tomlinson) for securing this debate, despite the fact that they vary regarding the amendment.