Tag Archives: New Coverage

British Regulator Plans New Rules for Payday Lenders

New York Times, October 3, 2013 British regulators announced plans on Thursday to impose stiff new rules next year for payday lenders, whose business has grown sharply since the financial crisis. The new rules in Britain will include requirements that lenders properly evaluate whether a consumer can afford such a loan and to limit the number of times the loan can be rolled over.  Lenders also will be required to provide consumers with sources of debt advice before refinancing ...