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
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
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