Tag Archives: payday lenders

Payday lenders: tougher rules and price caps are welcome. But more is needed

Payday loans ncrj

The FCA had an opportunity to fix a broken market. It didn’t take it.

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We’ve a long way to go to beat the payday lenders

Payday loans ncrj

Despite new regulation, the big lenders will remain.

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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.

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Complaints against payday lenders double in a year

Payday lendersj

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

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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.

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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.

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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.

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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.

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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.

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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.

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