A significant shift is underway in the digital lending industry. Lenders are scaling back unsecured instant loans and targeting borrowers with more stable financial profiles. This change is driven by new rules from the FCCPC.
As a result, lenders are now focusing on borrowers with verifiable income and established credit histories. They are also looking for borrowers with predictable cash flows.
Further details on this development are available from the source, including the impact of the FCCPC rules on the industry. The shift is expected to affect the availability of instant loans.
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