FCA confirms new rules for payday lenders February 28, 2014 The Financial Conduct Authority (FCA) has this morning confirmed the new rules it's imposing on payday lenders and debt management companies. The rules respond to persistent calls from government and third sector groups to regulate the industry and drive out unscrupulous lenders. The clampdown on the consumer credit market, which is worth £200bn a year, [...]
MPs call for ban on payday loan ads on kids’ TV December 19, 2013 A COMMITTEE of MPs has called for a ban on payday loan adverts being shown during children’s TV shows. A report out today from the Business Innovation and Skills select committee warns that consumers are particularly likely to use payday loans and the high rates charged by lenders during Christmas time, as budgets are stretched [...]