As part of its proposed remedies, the CMA has "provisionally decided to make an order requiring all lenders that provide unsecured loans and overdrafts to SMEs to display on their websites rates showing the cost of these products up to the value of £25,000. These rates must be displayed in a form used under the existing (personal) consumer credit regime. This includes showing a representative annual percentage rate (APR) for unsecured loans." Learn more.
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