Tag Archives: payday lenders

The FCA cap on payday loans: acting where the market has failed

Wongaj

The proposed cap means that if someone pays back a £100 loan within 30 days they would pay a maximum of £24 in charges.

Posted in Sustainable Economy | Also tagged , , , , , | 5 Responses

Complaints against payday lenders double in a year

Payday lendersj

But it could be just the tip of the iceberg, says Financial Ombudsman Service.

Posted in Sustainable Economy | Also tagged , , | Leave a comment

Wonga has been caught out. But why didn’t the regulator act earlier?

Wongaj

If the regulator had been firmer before then some borrowers might not have been treated unfairly.

Posted in Good Society | Also tagged , , , | 2 Responses

The number of people in debt to payday lenders continues to grow

Money pile-JPEG

Householders are still relying on the most expensive types of loan, new figures suggest.

Posted in Sustainable Economy | Also tagged , , , | Leave a comment

The Church Credit Union Network shows the way against predatory lending

Hector Santsj

Former chief City regulator Hector Sants has introduced a national network of churches, communities and credit unions as an alternative to payday lenders.

Posted in Sustainable Economy | Also tagged , , | Leave a comment

Debt is still the problem in this cost of living crisis

Kerry Catonaj

Debt, rather than earnings, is being used to cover living costs, writes Carl Packman.

Posted in Sustainable Economy | Also tagged , , , , , , | 3 Responses

The cost of credit must be capped fairly

Payday loans streetj

It’s no longer fair for consumers to bear the large, usurious costs associated with loose regulation.

Posted in Sustainable Economy | Also tagged , , , , | 1 Response

While payday didn’t cause the financial crisis, it does benefit from it

Payday lendersj

Encouraging the FCA to be even more tougher with the industry is of vital importance.

Posted in Good Society | Also tagged , , , , | Leave a comment

Dear FCA, Harm is harm, whoever the lender

FCAj

Harmful debt is not concentrated in one section of the market alone.

Posted in Good Society | Also tagged , , , , | Leave a comment

It’s official: payday lending is the most harmful type of debt

Payday lendersj

A new report has called payday lending the most harmful type of debt that an individual can obtain.

Posted in Good Society | Also tagged , , , , | 1 Response
  • YouGov Tracker

  • Touchstone Economic Tracker

  • Best of the web

  • Archive