Tag Archives: payday lenders

Debt is still the problem in this cost of living crisis

Kerry Catonaj

Debt, rather than earnings, is being used to cover living costs, writes Carl Packman.

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The cost of credit must be capped fairly

Payday loans streetj

It’s no longer fair for consumers to bear the large, usurious costs associated with loose regulation.

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While payday didn’t cause the financial crisis, it does benefit from it

Payday lendersj

Encouraging the FCA to be even more tougher with the industry is of vital importance.

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Dear FCA, Harm is harm, whoever the lender

FCAj

Harmful debt is not concentrated in one section of the market alone.

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It’s official: payday lending is the most harmful type of debt

Payday lendersj

A new report has called payday lending the most harmful type of debt that an individual can obtain.

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Payday lenders leaving the market: what this means for responsible lending

Money SHopj

It has been revealed today that around a quarter of payday lenders will exit the market after the Financial Conduct Authority pick-up the baton for consumer credit regulation.

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Today’s news on payday lending is welcome, but enforcement matters as much as legislation

The campaign to tackle the payday lending sector has been gifted another small victory today as the Department for Business, Innovation, and Skills publishes a report calling for more focussed regulatory attention to the sector.

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The unbanked are increasingly excluded from mainstream society

In the UK 12 per cent of people do not have access to a bank account.

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Osborne’s cap on the cost of credit presents a challenge we have to meet

if the mountains of usurious cash being built by Wonga, The Money Shop and others seem too high for fairer lenders to scale – ask yourself: did you ever think the Tories would cap the cost of credit?

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The Tories’ volte-face on payday lending

Previous attempts by Labour at capping the cost of payday loans have been defeated in the Commons by…the Tories; with the aid of their Lib Dems partners, of course.

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