Financial Times FT.com

Lenders besieged on both sides

Published: February 12 2008 23:41 | Last updated: February 12 2008 23:41

Japan’s beleaguered consumer finance lenders are reeling under the impact of regulatory changes and relentless pressure to pay back borrowers who allegedly paid too much interest.

Recently, Takefuji, Aiful, Promise and Acom all reported profits in the third quarter – compared to the hefty losses reported the year before as a result of large reserves taken against interest repayment claims.

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