Green Politics
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.
payday lenders
Payday lenders: why aren’t consumers shopping around for their loans?
It is encouraging to see the payday loans sector come under increased scrutiny. But we must seek ethical alternatives
Payday lenders: tougher rules and price caps are welcome. But more is needed
The FCA had an opportunity to fix a broken market. It didn't take it.
We’ve a long way to go to beat the payday lenders
Despite new regulation, the big lenders will remain.
The FCA cap on payday loans: acting where the market has failed
The proposed cap means that if someone pays back a £100 loan within 30 days they would pay a maximum of £24 in charges.
Complaints against payday lenders double in a year
But it could be just the tip of the iceberg, says Financial Ombudsman Service.