The CMA investigated the lending that is payday and contains posted its last purchase.
Treatments execution timetable
The Payday Lending Market research Order 2015 requires online payday lenders to publish, by 26 May 2017, information on their products or services on a minumum of one cost contrast site that will be authorised by the Financial Conduct Authority. It requires online and street that is high loan providers to produce current clients with a directory of their price of borrowing.
(*) The treatment implementation administrative timetable posted below on 26 March 2015 is indicative and it has no statutory foundation. Any modification regarding the timetable will be posted about this website.
|Remedy implementation date||Action|
|22 December 2015||extensive statutory deadline for applying treatments, if necessary for unique reasons|
|23 August 2015||Statutory due date for applying remedial action|
|July to August 2015||Order comes into force|
|July to August 2015||Finalise and also make purchase|
|April to May 2015||Formal public assessment on draft purchase|
|March to April 2015||casual consultation on draft purchase with key events|
|24 February 2015||last report posted|
Date of recommendation: 27.6.13 Statutory due date: 26.6.15
13 August 2015: The CMA has posted its last purchase as a result of its research in to the lending market that is payday.
Draft purchase assessment
- Notice of intention to help make an order (1.5.15)
- Draft purchase (1.5.15)
- Draft explanatory note (1.5.15)
- Last report (PDF, 4Mb) (24.2.15)
- Appendices and Glossary (PDF, 9Mb) (24.2.15)
- Pr release: CMA finalises proposals to reduce loan that is payday (24.2.15)
Amendments to proposed treatments assessment
19 2014: The CMA has published a consultation paper on amendments to the price comparison website (PCW) and the statement of borrowing remedies december. The assessment has closed.
Provisional choice on treatments
9 October 2014: The CMA has now published its provisional decision from the package of treatments needed to remedy the undesirable impact on competition (AEC) together with ensuing client detriment this has provisionally discovered. 続きを読む