The unbanked are increasingly excluded from mainstream society
In the UK 12 per cent of people do not have access to a bank account.
payday lenders
Osborne’s cap on the cost of credit presents a challenge we have to meet
if the mountains of usurious cash being built by Wonga, The Money Shop and others seem too high for fairer lenders to scale – ask yourself: did you ever think the Tories would cap the cost of credit?
The Tories’ volte-face on payday lending
Previous attempts by Labour at capping the cost of payday loans have been defeated in the Commons by…the Tories; with the aid of their Lib Dems partners, of course.
Wonga are trying to pull the wool over our eyes
Wonga are on a mission to pull the wool over our eyes on their very expensive credit product and the customers who they serve.
Labour’s payday lenders policy is a welcome move from neo-liberal to relational finance
Ed Miliband will today propose payday lending companies be forced to pay a levy in order to support credit union alternatives and free debt advice.
Despite today’s announcement, we are still waiting for proper regulation of payday lenders
Today’s announcement was a long time coming, but we are still left waiting for strong regulation over this controversial industry. How much longer can this go on?
52 per cent now struggling to pay the bills
Money Advice Service has shown that the proportion of people struggling to keep up with their bills and credit commitments has risen from 35 per cent in 2006 to 52 per cent in 2013.
UNISON fights back against payday lenders
UNISON, the UK’s largest trade union, has announced that it will be creating a network of credit unions to “help impoverished members deal with personal debt and financial difficulties”.
The Archbishop and Wonga: busting a few myths
Carl Packman busts two myths about the recent remarks about Wonga by Archbishop Justin Welby.
Welby’s Wonga comments are a welcome intervention
The Archbishop Justin Welby is back in the news today after it emerged that he met with Errol Damelin, the chief executive of payday lender Wonga.com, to tell him he wants to put the company out of business.