Bank branch closures are pushing the poorest communities into the hands of payday lenders
Highstreet banks should be compelled to lend in all the communities from which they are taking deposits, says Gareth Thomas MP.
Highstreet banks should be compelled to lend in all the communities from which they are taking deposits, says Gareth Thomas MP.
We shouldn’t let smaller payday lenders slip under the radar
A bad day for Wonga provides a valuable opportunity to reform the credit industry
It says a lot about an industry when rules for fair treatment are enforced and it sulks
Debt has soared under the coalition – how will the chancellor spin that to his followers?
It is encouraging to see the payday loans sector come under increased scrutiny. But we must seek ethical alternatives
The FCA had an opportunity to fix a broken market. It didn’t take it.
Despite new regulation, the big lenders will remain.
The proposed cap means that if someone pays back a £100 loan within 30 days they would pay a maximum of £24 in charges.
But it could be just the tip of the iceberg, says Financial Ombudsman Service.