payday lenders
Osborne’s budget gift to payday lenders
We've a gaffe-prone chancellor in George Osborne: before it was the 4x4 in the disabled parking space, then it was the fine for not having a first class ticket. Now he's caught out by The Sun for eating a “posh burger”.
While we wait for action on payday lenders, can Catholic Social Teaching show citizens how to go it alone?
The charity StepChange have recently reported that twice as many people who sought their help with debts in 2012 had payday loans out compared with 2011. Reports like this remind us that change is needed to the way payday lenders are allowed to operate in the UK.
Payday lenders buying personal details at £60 a head
Recently I spoke at a meeting where I asked those in attendance to raise their hands if they had had experience of a text message or an email from a payday lender offering them an expensive loan at interest rates that would make most people weep.
The wait for action on unscrupulous Payday lenders goes on
Payday lending is back in the news today as two reports are released, one after the other, on changes to the regulatory architecture that oversees the industry. Given how much optimism there was last year with the FCA being given new powers, the meat of these reports will come as a disappointment.
Why are Wonga speaking at a Labour policy meeting on household debt?
It appears that a representative from Wonga is speaking at a Labour Policy Review meeting on household debt. Whatever next? Advice from McDonald's on healthy eating?
Payday lenders aggressively targeting university students
Payday lenders have started aggressively targeting university students who are struggling with student loans. It's time the government recognised this and took radical action to clamp down on unscrupulous lenders.