Research from the StepChange Debt Charity shows that half of adults in the UK are receiving phone calls from companies offering payday loans and other high-risk financial products, and have called on the Treasury and Financial Conduct Authority (FCA) to Read more…
The US government revealed plans on managing the $38.5bn payday loans industry, to protect customers more. The low-dollar, high interest rate loans have been regulated in different ways in each state individually, until now. The new rule being introduced by Read more…
Due to concerns that people are being left in financial difficulty as a result of taking out payday loans, Google is banning lenders’ adverts from its service. From 13 July, Google will be banning payday loan adverts that are making Read more…
Since the regulations governing payday lenders were brought into practice last year, short-term lending has dropped by 68 per cent, according to a report by the Consumer Finance Association (CFA). However, the report has been met with criticism. The CFA Read more…
Dishonest payday loans companies appear to be breaking rules
Public sector workers most likely to use payday loans
Complaints about payday loans continue to rise