Funding cuts to the Citizens Advice Bureau (CAB) in England and Wales have left tens of thousands in debt with nowhere to turn for help, the charity revealed this week.
Debt management firms will have to provide consumers with clearer information on services and fees, under new guidance published today by the Office of Fair Trading (OFT).
An MP leading the charge to cap the cost of payday loans and other short-term lending says she will press for legislation in upcoming talks with the Treasury.
Firms that charge fees for finding hard-up consumers a loan will have their activities curbed, after the Office of Fair Trading (OFT) found some pocket cash without carrying out the service.