Three fines when it comes to unlawful providing of payday loans
Holland Authority for the Financial Markets (AFM) has imposed an administrative fine on BA Finance, a party offering payday advances, as well as its two directors. The fines is for providing loans that are short-termreferred to as вЂpayday loans’) with out acquired a licence to do this.
The 3 separate magazines associated with the fines together with associated choices are listed below.
AFM imposes fine on BA Finance for offering payday advances without a licence
Holland Authority for the Financial Markets (AFM) has imposed an administrative fine of €150,000 on BA Finance B.V. The fine are imposed because BA Finance provided payday advances within the duration from might 2011 to March 2013 with no acquired a licence through the AFM. This really is a contravention of part 2:60 (1) regarding the Financial guidance work (Wft). (more…)