21st Apr 2015 06:36
LONDON (Alliance News) - Consumer credit company International Personal Finance PLC Tuesday said Polish authorities have concluded an investigation into the calculation of fees for loan products and it will not face a fine following the probe.
FTSE 250-listed IPF said the Polish Office of Consumer Protection and Competition has concluded that Provident Polska SA, IPF's Polish business, has made the required commitment to replace variable administrative and home service fees on loans with fixed rates by the implementation deadline of August 1 set by the regulator.
IPF said it will face no fine from the investigation, which was part of a wider probe into the practices of a number of non-bank consumer credit providers in Poland regarding the calculation of fees for loan products.
By Sam Unsted; [email protected]; @SamUAtAlliance
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