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City remark: The FCA killed loans that are payday exactly just what used could possibly be just like harmful to borrowers

City remark: The FCA killed loans that are payday exactly just what used could possibly be just like harmful to borrowers

Cheers went up from Lambeth Palace to Westminster City following the watchdog the Financial Conduct Authority clamped straight straight down on Wonga-style pay day loans in 2015.

But couple of years from the applause has stopped, changed by worries over whether or not the assault that is payday accidentally resulted in a slew of the latest headaches for borrowers.