Doorstep Lender Provident Enters Scheme of Arrangement

Provident enters into a scheme of arrangement

Payday and doorstep lenders have been with us for years. Unfortunately, some of them were lending at very high interest rates, with unpleasant practices such as aggressive debt collection, poor affordability checks, and overcharging fees. On 1st April 2014, the Financial Conduct Authority became the regulator for these companies and began cracking down on unfair […]

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Everything You Need to Know About Open Banking

open banking

Open banking is the term used to describe a series of reforms that made it safe and secure for customers to share bank details with regulated third parties. This has revolutionised the financial sector, opening up the field for third party apps and online banks to offer a huge range of money management services to […]

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Is the UK Turning Into a Cashless Society?

britain becoming cashless

Before lockdown, card payments were already becoming the norm in high-street retailers and local shops alike. But the sudden closure of physical retailers and the need for stringent hygiene measures due to the pandemic has hastened the decline of cash payments. As a result, not only are more consumers paying for things online than ever […]

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