Payday Loans | Latest regulation, industry & consumer news

Payday Loans | Latest regulation, industry & consumer news

Payday Loans | Latest industry, regualation & consumer news

FCA confirms price cap rules for payday loans

Tuesday, 11 November, 201405188 Consumers taking out Payday loans or other high-cost short-term credit will not have to pay back more than double what they originally borrowed   The UK payday loan and high-interest short-term credit industry is reportedly worth £2.8...

Wonga's profits half following fake legal letter scam

Tuesday, 30 September, 201407903 Profits at Wonga half after it's forced to pay out millions to customers who it threatened with fake legal letters   Wonga, the controversial payday lender has seen its profits half after the firm had to pay its customers millions of...