Decision on back of ‘changing industry and regulatory dynamics’ puts 2,100 jobs at risk
Provident Financial is to close its doorstep lending business, 141 years after it was first started, in a move that will put 2,100 jobs at risk.
The sub-prime lender will seek to either sell or wind down its consumer credit arm. The cost of either course of action to the company will be as high as £100m, Provident said.