At the time of , online payday lenders should have the main points of the payday advance loan posted on an FCA-authorised payday loans cost contrast website (aˆ?PCWaˆ?). Payday lenders must prominently showcase by themselves websites a web link to one PCW where their payday advances show up.
The transaction was made within the markets research terms associated with the Enterprise work 2002 after the competitors and marketplaces power’s (aˆ?CMAaˆ?) payday financing markets research.
Problem to adhere to the transaction may result in enforcement actions from the CMA or civil activities from affected buyers.
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The foremost chambers for credit
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