Uk Women’s Cross Country Second At Greater Louisville Classic
View gallery A new UK financial watchdog has unveiled curbs on payday lenders it will bring in next April when it takes responsibility for the A2 bn sector (AFP Photo/) October 3, 2013 5:45 AM London (AFP) – A new UK financial watchdog on Thursday unveiled curbs on payday lenders it will bring in next April when it takes responsibility for the A2bn a year sector. Lenders will have to carry out an affordability check on borrowers and will only be able to roll over loans — when borrowers pay a fee to delay paying them back — twice, the Financial Conduct Authority (FCA) announced. It plans to limit what lenders can say in adverts and will have the power to ban any misleading campaigns. In the wake of claims that some lenders are draining cash from borrowers’ accounts to make sure they get their interest repayments, they will only be able to debit two payments over the course of a loan agreement. “The clock is ticking,” said Martin Wheatley, the FCA’s chief executive. “Today I am putting payday lenders on notice: tougher regulation is coming and I expect them all to make changes so that consumers can get a fair outcome. The clock is ticking.” Next April, the FCA will take over from the Office of Fair Trading as regulator of 50,000 consumer credit firms, which also includes businesses providing overdrafts, credit cards and debt advice. The OFT, in a recent investigation of its own, found “deep-rooted” problems in the payday loan industry, including that some businesses models were based on giving loans to people who cannot afford to pay them back. The Competition Commission is currently investigating the payday loan industry and is due to report at the end of next year. The FCA’s new rules were welcomed by Martin Lewis, founder of consumer help website MoneySavingExpert.com. “Parasitical payday lenders have taken over our high streets in the last five years.
2 team overall with 130 points, as seniors Cally Macumber and Allison Peare posted top-10 finishes on Saturday at the Greater Louisville Classic. Macumber and Peare placed Nos. 2 and 7 respectively with times of 16:57.75 and 17:24.67. Macumber ran a 5K in fewer than 17 minutes for the second time this season. The University of Guelph from Canada won the womens team competition with 60 points. The UK men’s team placed 27th overall on 688 points. MacKay Wilson was UK’s top finisher in 42nd (37 points) with a time of 25:28.89. Freshman Cassidy Hale turned in a top-10 performance in her hometown with a 17th-place time of 17.40.77 (16), Taylor Wendler was 46th with a time of 18:07.86 (45) and Anna Bostrom was UK’s No. 5 finisher placing 62nd overall with a time of 18:23.24 (60). Gabriel Harm was 154th in 26:38.37 (136), Jake Wildenmann was 178th in 26:51.93 (155), Keffri Neal 27:08.13 placed 195th (168) and Tim Layten rounded out UK’s top-5 with a 195th-place time of 27:47.09 (192). Kentucky will return to action for the last race of the regular season, the Pre-NCAA Invitational in Terre Haute, Ind., on Oct. 19. Mens Team Results (Winner and UK Only) 1.
UK white space trial participants to include Google, Microsoft and Neul
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