Treasury set to tighten up pay later schemes

The federal government has set out plans to clamp down on purchase now, pay later schemes, after considerations that some individuals are borrowing greater than they will afford to repay. Lenders will should be accredited by the Monetary Conduct Authority and required to hold out affordability checks on clients, who will be capable of take…

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UK watchdog to review inflation-busting rises on mobile and broadband bills

The UK telecoms regulator has launched an investigation into the industry-wide apply of hitting broadband and cellular prospects with inflation-busting worth rises of as much as 17% and will usher in more durable protections in opposition to hefty mid-contract will increase. Ofcom, which in December launched a separate investigation into the gross sales techniques utilized…

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Republicans won’t cut Social Security or Medicare, everything else on the table in debt talks -House Oversight Committee Chair By Reuters

© Reuters. FILE PHOTO: The U.S. Home Oversight Committee Chair Rep. James Comer (R-KY) oversees a listening to on “fraud and waste in federal pandemic spending” on Capitol Hill in Washington, U.S., February 1, 2023. REUTERS/Leah Millis WASHINGTON (Reuters) – Republicans won’t minimize Social Safety or Medicare, however all the things else is on the…

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