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Cash advance agents susceptible to crisis action as regulator actions in

Cash advance agents susceptible to crisis action as regulator actions in

The cash advance agents charge a charge to get a loan, then share bank details with other businesses. Photograph: Alex Segre/Rex Features

The pay day loan agents charge a cost to locate a loan, then share bank details along with other organizations. Photograph: Alex Segre/Rex Features

Final modified on Thu 30 Nov 2017 04.09 GMT

The Financial Conduct Authority has had crisis action to tackle loan that is payday following a deluge of complaints over “blatantly unjust” techniques.

The agents are making as much as one million efforts a to raid the bank accounts of some of the poorest members of society month. The they charge a fee of £50 to £75, and then share the person’s bank details with as many as 200 other companies, which also attempt to charge the individual while promising to find a loan. Continuer la lecture de Cash advance agents susceptible to crisis action as regulator actions in