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Money Advice and Budgeting Service (MABS)

Moves to curb moneylending welcomed by SVP

The new regulation states that where a loan is for basic needs, like accommodation or electricity, moneylenders must inform the consumer that a moneylending loan may not be in their best interest and provide contact information for the Money Advice and Budgeting Service (MABS).

2020.06.09.
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