Another warning for firms that profit from financial exploitation
We shouldn’t let smaller payday lenders slip under the radar
payday loans
Payday lenders: why aren’t consumers shopping around for their loans?
It is encouraging to see the payday loans sector come under increased scrutiny. But we must seek ethical alternatives
Payday lenders: tougher rules and price caps are welcome. But more is needed
The FCA had an opportunity to fix a broken market. It didn’t take it.
Struggling with payday loans is still on the rise
People struggling on payday loans has risen by 42 per cent in the last year – the industry still needs to be reformed
Payday loan broker firms: the next poverty scandal
For good reason payday lending has been subject to considerable scrutiny, but there’s another problem to solve: that of broker firms selling credit applications to the highest bidding lenders
The FCA cap on payday loans: acting where the market has failed
The proposed cap means that if someone pays back a £100 loan within 30 days they would pay a maximum of £24 in charges.
While payday didn’t cause the financial crisis, it does benefit from it
Encouraging the FCA to be even more tougher with the industry is of vital importance.
While we wait for action on payday lenders, can Catholic Social Teaching show citizens how to go it alone?
The charity StepChange have recently reported that twice as many people who sought their help with debts in 2012 had payday loans out compared with 2011. Reports like this remind us that change is needed to the way payday lenders are allowed to operate in the UK.
Payday lenders buying personal details at £60 a head
Recently I spoke at a meeting where I asked those in attendance to raise their hands if they had had experience of a text message or an email from a payday lender offering them an expensive loan at interest rates that would make most people weep.
The UK needs to get a grip on legal loan sharks
The UK has fallen behind the rest of Europe in the battle to purge the scourge of payday lenders and violent loan sharks.