What are the legal consequences of failed direct debit due to insufficient funds?
Lender information

What are the legal consequences of failed direct debit due to insufficient funds?

Today, we’ll look at the legal implications of failed direct debits in three very different places: Nigeria, the UK, and Dubai. Each country handles the situation differently, and the differences might surprise you.

FCCPC regulations for digital lenders
Information

FCCPC regulations for digital lenders

The Federal Competition and Consumer Protection Commission (FCCPC); the regulatory agency responsible for ensuring consumer protection and regulating competition in Nigeria, recently released a Limited Interim Regulatory/Registration Framework for Digital Lending. This regulatory framework is enforceable whilst they work on a more comprehensive framework to guide the operations of digital lenders in Nigeria. The Commission […]

What to consider when setting up a payday loan software
How to

What to consider when setting up a payday loan software

Payday loans are short-term loans that help borrowers bridge the gap between paychecks. Essentially, a Payday loan is any loan that’s tied to a salary date. Now, let’s take a look at some things to consider when setting up payday loan software