Pawnbroker H&T halts short-term loans as FCA launches review
(The Guardian Money News)

Shares plunge as company warns it could have to compensate customersOne of Britain´s biggest pawnbrokers has suspended its unsecured cash loans business and warned that it may have to pay compensation to customers as the City regulator reviews its operations.H&T, which operates 254 pawnshops across the UK, said it is `working closely with the Financial Conduct Authority following a regulatory review of certain aspects and files of its high-cost short-term credit (`HCSTC´) unsecured loans business ... The group has ceased all HCSTC unsecured lending, at least temporarily, as it works through this review process.` Continue reading...