Tesco Bank has defended its decision to launch larger loans of £25,001 to £35,000, saying they are subject to a ‘robust affordability assessment’, after The Daily Mail suggested it had ‘spearheaded a consumer borrowing binge over the past year’. The bank’s total...
What you need to know Revolut is a UK based currency service. It is making the most out of its extensive user base of more than 500.000 users. After sealing a deal with MoneyFarm to refer customers to their robo investment service, it is now offering instant credits...
What you need to know The Financial Conduct Authority (FCA) said businesses borrowing money and lending it out must have permission to “accept deposits” — which is a feature of the banking sector. Any company borrowing and lending onwards without correct regulatory...
