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Payday Loan Companies Criticised by the Financial Conduct Authority

The Money Shop, a provider of payday loans, trading in Stockport on Tuesday 10th March 2015. -- Payday loan companies have been criticised by the Financial Conduct Authority (FCA). The FCA, a body which regulates the UK's financial sector, has found that '60 per cent of the market revealed unacceptable practices from many lenders, including failures to recognise customers in financial difficulty, failure to direct people to free debt advice and firms offering inflexible repayment options' according to an FCA statement. (Photo by Jonathan Nicholson/NurPhoto)

Photo Details

Photo ID	#475892
Date Taken	10 March 2015
Location	N/A
Photographer	Jonathan Nicholson/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Jonathan Nicholson/NurPhoto

Related Keywords

Business Consumer Credit Economics Finance Industry Industry Payday Loans Poverty Society The Money Shop

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