Legal Aspects in UK

Querist : Anonymous (Querist) 04 August 2010 This query is : Open
1.Company A has an entity in US and is a leading company in Consumer lending business. This company intends to start a payday lending business (say Company B) in UK. What are the various legal aspects that company A should be aware of to start the business in UK? Who will be the supervisory authority for the Company B in UK? And why?

Payday Loans are short-term loans which are typically for small loan amount and has a typical during of a payday (time difference between two pay dates) cycle.

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