MR LENDER LEADS WAY IN SHORT-TERM CONSUMER CREDIT MARKET

Mr Lender , a leading UK-based short term loans provider, today announces it is one of the first in its industry to introduce a new, lower interest rate for customers. This follows an announcement by the Financial Conduct Authority (“the FCA”) on 11 November 2014 introducing new price cap regulations. Under the new regulations, the following apply: 1. Interest payable is capped at 0.8% per day 2. Fixed default fees are capped at £15 3. The total interest and fees charged on a loan can never exceed 100% of the amount borrowed Following this announcement,