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Martin Lewis
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Older News Stories

Payday lenders are failing customers in arrears

Payday lenders are "failing customers in arrears" and using "unacceptable practices", a review of the market has found

Payday lenders must be on comparison sites from next year

Online payday lenders will be forced to publish details of their products on at least one price comparison website

Wonga escapes police probe over 'fake' lawyer letters

City of London Police says it won't carry out a criminal investigation into Wonga's dodgy debt collection practices

New payday loan rules come into effect today

Vulnerable borrowers will be better protected from today as new rules to crack down on payday lenders come into force

Government gives green light to school savings clubs

The Government's announced it will fund 150,000 for a pilot scheme to set up savings clubs in primary schools

Payday loan broker crackdown revealed

A crackdown on unexpected fees charged by payday loan middlemen has been unveiled by the Financial Conduct Authority

Wonga keeps 18,000 customers waiting for compensation

Of the 45,000 customers who got fake lawyer letters from payday lender Wonga, 18,000 have yet to get compensation offers

Church of England proposes school savings clubs

Children as young as four are encouraged to join savings clubs as part of a bid to prevent them relying on payday loans

Payday loan costs to be capped by watchdog

People taking out payday loans will never have to pay back more than double what they originally borrowed, the FCA says

Payday loan brokers catching hard-up consumers out, warns NatWest

Payday loan brokers made more than one million attempts to remove money from accounts, according to NatWest

Payday loan firms to be forced onto comparison sites

Payday lenders will be forced to provide details of their products on comparison websites, under proposals from the CMA

Wonga busted by the FCA: 330,000 to have their loan wiped

All Wonga customers who are 30 days or more in arrears on their loans will have the balance completely written off