UK’s Short-term Lending Industry ‘Desperate’ for Innovation

UK’s Short-term Lending Industry ‘Desperate’ for Innovation

The UK’s high-cost temporary financing industry (HCST) has seen an enormous upheaval within the last few one year – perhaps much more than just about any regulated industry in britain.

While the Financial Conduct Authority introduced new policies in January 2015 such as for instance day-to-day cost limit and a tougher authorisation procedure, this has taken some years to understand complete impact.