‘We use pawnbrokers to be able to pay for food’
People on low incomes are pawning their possessions to pay for essentials, a report suggests. …
“We hope and believe that, once the FCA appreciate that the loss of access to pawnbroking services would have a devastating effect on these people, that the FCA will work with the pawnbroking and banking industries, both of which they regulate, to agree an approach that will stop the closure of pawnbrokers’ bank accounts by banks,” he adds.
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