Plus, fintech lay-offs begin and a history of credit

Finance sector calls for government action on fraud


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Hello readers, from an overcast Bethnal Green — hoping all of you had an exciting bonfire night.
I’ve been looking at the high-cost credit market, a space which proliferated in the UK after the 2008 financial crisis, until the Financial Conduct Authority clamped down in 2014.

This story originally appeared on: Financial Times - Author:Siddharth Venkataramakrishnan