Cheque Centre prevents offering repayment that is single loans and agrees to change enterprize model to satisfy FCA’s tougher customer security demands

An important British payday loan provider has exited the instalment that is single loan market (i.e. loans that must installmentloansite.com review be repaid in one lump sum) and promised to change the real means it provides loans and treats customers struggling to settle their debts, following an understanding because of the Financial Conduct Authority (FCA).

Also as no longer selling instalment that is single loans, Cheque Centres Limited (Cheque Centre) has also stopped its business collection agencies calls to customers until it displays to the FCA that improvements are made. Cheque Centre has agreed a great many other actions utilizing the FCA therefore it can meet with the brand new regulatory regime, and also the FCA will appoint an experienced individual to try the modifications. Continue reading Cheque Centre prevents offering repayment that is single loans and agrees to change enterprize model to satisfy FCA’s tougher customer security demands