Payday loan providers ordered to freeze interest levels for struggling borrowers

Payday loan providers ordered to freeze interest levels for struggling borrowers

Payday loan providers ordered to freeze interest levels for struggling borrowers Borrowers who find it difficult to repay short-term loans may have fees and interest levels frozen, underneath the brand new measures. A hundred payday and lenders that are short-term freeze interest and costs for struggling borrowers, under guidelines introduced by their trade associations. The…