MSE News

Payday Loans

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

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

29 November 2016

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

8 November 2016

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

3 October 2016

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

19 September 2016

1.6 million families in 'extreme' debt

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

23 August 2016

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