Struggling households are being preyed on by loan sharks, new research has found
- a figure that has trebled in the past decade.
Some borrowers had been used as"money mules" in money laundering operations, Fair4All Finance warned - with some then losing their bank accounts as a result. Money muling is an illegal activity. "Fair4All Finance is convening support from across the financial services sector, regulators and cross-party policymakers to ensure that mainstream banks and lenders better serve millions of creditworthy, lower-income individuals alongside accelerating the scale up of community finance provision."Loan sharks subject victims to 'hideous' things
Belgique Dernières Nouvelles, Belgique Actualités
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