Paydayexpress.co.uk -
Limiting the number of times a loan could be "rolled over."
Requiring lenders to rigorously prove a customer could actually afford the repayments. paydayexpress.co.uk
Ensuring that no borrower would ever have to pay back more than twice what they originally borrowed. Limiting the number of times a loan could be "rolled over
As reported in the CMA’s final investigation report , these regulations forced many of the original "big players" to either pivot their business models or exit the market entirely. A Legacy of Regulation paydayexpress.co.uk