On Wednesday (6th) the Financial Conduct Authority issued a warning on Loan Fee Fraud – where people pay an admin or set-up fee for a loan they never receive. Their warning came as figures suggest more people will be borrowing more money this Christmas, with half of UK adults (47%) feeling pressured to spend above their means over the festive period. We spoke to Therese Chambers, FCA’s Executive Director of Enforcement and Market Oversight, who advised on how to spot Loan Fee Frauds…