Payday loan providers are split over an idea to restrict the amount of rollovers of short-term, high-interest loans, MPs have actually heard.

The town watchdog, the Financial Conduct Authority (FCA), has proposed a limitation of two extensions of pay day loans if borrowers decided not to ever repay.

Work of Fair Trading (OFT) has recommended any particular one rollover ended up being an indication that the debtor was at trouble. Читать далее →