Pay day loan costs cap established by FCA Share this with They are outside links and can start in a brand new screen They are outside links and certainly will start in a brand new screen Close share panel A limit from the quantity that payday lenders may charge their clients was established by the populous City regulator. Cash advance rates may be capped at 0.8 per cent per of the amount borrowed, said the Financial Conduct Authority (FCA) day. In total, no body will have to pay off significantly more than twice whatever they borrowed, and you will have a ?15 limit on standard fees. The mortgage limitations begins from the regulator said january. […]