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CMA sets down proposals to reduce cash advance expenses

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CMA sets down proposals to reduce cash advance expenses

The CMA has put down proposals to improve price competition between payday lenders and assist borrowers get a significantly better deal.

These proposals have now been developed in light of this Financial Conduct Authority’s (FCA) price limit proposals announced this July and can assist make certain that the limit, that will be designed to protect customers from extortionate fees, will not just turn into a going price charged by all loan providers. They proceed with the Competition and Markets Authority’s (CMA) provisional findings to the market that have been posted in June (see note on research ( PDF , 118KB , 2 pages ) ) because of the number of separate CMA panel users investigating forex trading. Read More