Since 2010, brand new lending that is responsible arrived into force for many consumer loans. Under these laws and regulations loan providers need to take specific actions to make sure:
- customers get loans which can be suited to their purposes and
- customers are able to repay their loans without substantial difficulty.
From 2013 extra accountable financing rules affect SACCs in particular. These guidelines say that:
- payday loan providers cannot simply take protection (eg. Weiterlesen