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<p>The Government has fundamentally reformed regulation of the consumer credit market,
transferring regulatory responsibility to the Financial Conduct Authority (FCA) on
1 April 2014.</p><p> </p>Any outstanding complaints against payday loan companies
that enter into insolvency are dealt with directly by the administrators of the companies
in question. Customers should continue to make any outstanding payments as instructed
by the administrators. The FCA has issued advice to customers of such companies, and
the administrators are required by law to contact all known creditors to provide them
with their proposals for administration.
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