Senior MP calls for FCA investigation into Provident Financial
A senior Yorkshire MP has written to the Financial Conduct Authority (FCA) to demand action about the "shocking marketing tactics" of Bradford-based sub-prime lender Provident Financial.
Leeds West MP Rachel Reeves has complained to FCA chief executive Andrew Bailey about a Christmas marketing letter offering short-term loans with representative APR of 535.3%.
She said: "I believe this was a cynical tactic to exploit vulnerable people who struggle financially at the best of times, let alone over the festive season. Provident... For the full story register now for free or login below...