financial regulation Archives -

Business loans needs safeguards and restrictions too…. before it’s too late

The BBC reported yesterday that payday lenders have “agreed to prevent a build-up of unmanageable debts by struggling customers.” The changes will mean that lenders will “freeze charges and interest for borrowers in difficulty, no later than 60 days after they stop making payments.  Borrowers would also have their charges frozen as soon as they… MORE