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Cash Shop set to overhaul cost of its loans after payday crackdown

Cash Shop set to overhaul cost of its loans after payday crackdown

Traditional loan provider can also be considering a fresh pre-paid bank card to expand its solutions for “under-banked” clients

The amount of money Shop is getting ready to lower the expense of short-term loans for many clients and reintroduce a pre-paid charge card in a bid to shore up its reputation following the crackdown on payday lenders.

The business normally on program to shut 240 stores by the conclusion of June, using its total traditional estate below 300 within the overhaul since Stuart Howard became leader of moms and dad team Dollar Financial British year that is last.