Cost limit consultation, further analysis

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Cost limit consultation, further analysis

The FCA consulted commonly regarding the proposed price limit with different stakeholders, including industry and customer teams, expert systems and academics.

In July, the FCA estimated that the end result associated with the cost limit could be that 11% of present borrowers would not get access to payday advances after 2 January 2015.

In the 1st five months of FCA legislation of credit rating, how many loans in addition to quantity lent has fallen by 35%.