MSE News

Payday Loans

Payday lenders told to offer compensation

The financial regulator has written to payday lenders today telling them they must compensate customers who were sold unaffordable loans

15 October 2018

Wonga goes into administration - what it means for you & Martin Lewis's view

Wonga has gone into administration, marking the end of the road for the UK's largest payday loan firm. Below you can read MoneySavingExpert.com founder Martin Lewis's view

31 August 2018

Actor Michael Sheen to take on high cost lenders

Hollywood actor Michael Sheen has launched a new campaign to tackle high cost credit

20 March 2018

Four in 10 workers have had no pay rise in the last year, poll of MSE users finds

Forty-one per cent of those in work have not had a pay rise in the past year, according to a new poll of MSE users

15 November 2017

Guest Comment: FCA on why “fundamental changes to unregulated overdrafts may be necessary”

The FCA's Chris Woolard sets out what the FCA has learned in its review of high-cost credit and where it will focus next

31 July 2017

Unarranged overdraft fees could be overhauled as FCA announces payday loan cap will remain

The price cap, which means people will never have to pay more than double what they originally borrowed, will remain

31 July 2017

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

14 June 2017

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

13 June 2017

270,000 Wonga customers hit by possible data breach

The payday lender is investigating an

10 April 2017

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

29 November 2016

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