16 December 2013
Holland Authority for the Financial Markets (AFM) has imposed an fine that is administrative BA Finance, a party providing payday advances, and its particular two directors. The fines are for providing loans that are short-termreferred to as вЂpayday loansвЂ™) with no acquired a licence to take action.
The 3 split magazines of this fines plus the associated choices are listed below.
AFM imposes fine on BA Finance for providing pay day loans without a licence
Holland Authority when it comes to Financial Markets (AFM) has imposed an administrative fine of в‚¬150,000 on BA Finance B.V. The fine is imposed because BA Finance offered payday advances within the duration from May 2011 to March 2013 with no acquired a licence through the AFM. Continue Reading