(MENAFNEditorial)
Kent U.K. – The FCA recently published a policy statement without prior consultation on credit brokering and fees mandating new rules from 2 January 2015. Although the rules are applicable in the main to those brokers charging upfront fees to consumers some rules apply to all brokers.
Brokers will be required to publish their legal name not just a trading name in all advertising and correspondence with customers and make it clear they are acting as a broker in advertisements. This will aid transparency and provide clarity for consumers and Uncle Buck supports this measure.
The new rules also include that credit brokers must make sure 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.
Uncle Buck Payday Loans LLP has never applied an upfront fee to its products.
If you would like to know more detail about our product visit https://www.unclebuck.tv/how-it-works.html
About Uncle Buck Payday Loans LLP
Uncle Buck Payday Loans LLP is one of the leading short term loan providers in the U.K. which offers instant decisions and quick approvals. The company is authorised and regulated by the Financial Conduct Authority (FCA) and is fully committed to following the Good Practice Customer Charter. Uncle Bucks has also attained a reputation for providing one of the best customer supports in the financial industry.
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For more information about Short Term Loans in the U.K. visit unclebuckloans.co.uk or please call at 01959 543400 or email to info@unclebuck.tv.
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