The CMA investigated the lending that is payday and contains posted its last purchase.
Treatments execution timetable
The Payday Lending Market research Order 2015 calls for online payday lenders to publish, by 26 May 2017, information on their products or services on one or more cost contrast internet site which can be authorised by the Financial Conduct Authority. Moreover it requires online and street that is high loan providers to present current clients with a listing of their price of borrowing.
(*) The treatment execution administrative timetable posted below on 26 March 2015 is indicative and it has no statutory foundation. Any modification associated with the timetable shall be posted about this website.
|Remedy implementation date||Action|
|22 December 2015||Extended statutory deadline for applying treatments, if necessary for unique reasons|
|23 August 2015||Statutory deadline for implementing remedial action|
|July to August 2015||Order comes into force|
|July to August 2015||Finalise while making order|
|April to May 2015||Formal public assessment on draft purchase|
|March to April 2015||casual consultation on draft order with key events|
|24 February 2015||last report posted|