Exactly why are numerous payday loan providers going into management? Needless to say, we laughed from the notion of a business with only four players.

“There will simply be four payday that is main running into the sector.” It was the claim created by the Financial Conduct Authority (FCA) back 2014, when I sat in a crowded seminar hall in the middle of other payday loan providers and agents. Utilizing the FCA taking over through the Office of Fair Trading that 12 months, numerous industry players had been anticipating a shake-up as directors of cash advance businesses and I also…