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....
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...
The Financial Conduct Authority (FCA) has outlined how it plans to regulate consumer credit – including the payday loans industry – when it takes on the...
Citizens Advice has urged payday loan customers to make a complaint if they feel they have been treated unfairly. Starting on August 5, the charity will...
The Church of England declares war on payday lenders and then it’s uncovered it’s one of their investors. It’s a perfect story. And it draws back...
The day after the archbishop of Canterbury said he would try and compete payday lenders like Wonga “out of existence”, it was revealed that the Church...
The Church of England invests part of its £5.5 billion portfolio indirectly in Wonga, the same payday lender that this week the archbishop of Canterbury said...
The government is to conduct a study into the impact of payday loan adverts, in an effort to crack down on the irresponsible sales activity displayed...
The payday loan industry, which includes Wonga, PaydayUK and QuickQuid, is worth £2 billion and is now subject to an inquiry by the competition commission. Concerns...
Payday lenders heap pressure on borrowers, fail to undertake sufficient background checks and even lend money to people who are drunk or have mental health issues,...
Housing charity Shelter claim that almost a million people have turned to controversial payday loan schemes in order to pay their mortgage or rent. Labour and Co-operative...