MSE News

Payday Loans

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

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

26 May 2016

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

12 May 2016

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

4 November 2015

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