FCA Introduce New Rules

At the start of 2015 the Financial Conduct Authority (FCA) introduced new rules to protect consumers from harmful business practices adopted by fee-charging brokers.

Payday Pig never charges a fee for the service we provide and we never take money from your account. However some brokers do charge a fee, and some mislead the consumer about these fees.

“The rules will ban credit brokers from charging fees to customers, and from requesting customers’ payment details for that purpose, unless they comply with new requirements ensuring that customers are given clear information about who they are dealing with, what fee will be payable, and when and how the fee will be payable. The rules come into force on 2 January 2015.”