Pawnbroker warns probe could spark loan shark rush
Image copyright PA
The head of Britain’s biggest pawnbroker has said regulation on cash loans risks pushing some people to loan sharks ahead of Christmas.
It comes after H&T revealed that the City watchdog was reviewing the short term cash loans it offered and could ask it to pay compensation.
Boss John Nichols said the firm would work with regulators but that its cash-strapped customers would…
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