The Financial Conduct Authority (FCA) is to launch an investigation into the short-term high-cost loan industry, as new research suggests Britain’s high streets have one payday...
Fees charged by payday lenders for customers who default on payments are “unlawful”, according to Which? – the consumer group that is calling on firms to...
Unite, the UK’s biggest union, has launched a new credit union service in a bid to challenge payday lenders and other organisations that “[try] to make...
Labour leader Ed Miliband has said that the so-called “Wonga economy” is one of the worst aspects of the cost of living crisis, with payday lenders...
Representatives from three of the UK’s biggest players in the payday lending industry have appeared before MPs to answer questions after allegations of bad practice emerged....
Payday lender Wonga has expanded its global reach to consumers after acquiring German company BillPay. Amid the controversy, criticism and fierce political debate about whether payday...
Labour leader Ed Miliband has declared that it is “time for payback” for payday lenders, saying that the loan companies will be hit by higher taxes...
A charter aimed at tightening up regulation for payday lenders has been launched by a Labour MP. Paul Blomfield, MP for Sheffield, has launched the Charter...