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Older News Stories

Regulator denies payday loan cap will be lifted

The FCA has branded a claim that it will be relaxing the price cap on payday loans as "complete fiction"

Payday loan complaints to Ombudsman triple in a year

The Financial Ombudsman Service has found that complaints about payday lenders have tripled in 12 months

270,000 Wonga customers hit by possible data breach

The payday lender is investigating an "illegal and unauthorised access" of customer info including bank account details

Regulator to probe all high-cost lending

Two years on from the payday loan charge cap, the FCA will widen its focus to review all expensive loans

Guest Comment: It's time to review all high-cost loans

Andrew Bailey, chief executive of the FCA, explains why the regulator is widening its focus on lending

Universal credit 'a ticking time bomb', Martin tells Parliament

New all-in-one monthly payments could harm those who lack support to budget effectively, MSE founder warns

Thousands of Wonga customers billed twice for repayments – what to do if you've been affected

Vulnerable customers have been forced to borrow even more money after a glitch left them unable to pay their bills

Customers of payday loan firm CFO Lending to receive £34m in redress for 'unfair practices'

Payday loan firm CFO Lending will pay more than £34m of redress to 97,000 customers after treating them unfairly

1.6 million families in 'extreme' debt

Millions are spending at least 40% of their wages on debt repayments, research has found

Payday loans and packaged bank accounts climb complaints league – but PPI remains top by a distance

Payday loans and packaged bank account complaints have skyrocketed during 2015/16, but PPI remains top of the league

Google bans payday loan ads to protect users from 'harmful financial products'

Payday lenders will no longer be able to advertise on Google from 13 July

QuickQuid and Pounds to Pocket to refund £1.7m to 4,000 payday loan borrowers

CashEuroNet UK LLC, trading as QuickQuid and Pounds to Pocket, lent some customers more than they could afford to repay

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