MSE News

Payday Loans

Government gives green light to school savings clubs

The Government's announced it will fund £150,000 for a pilot scheme to set up savings clubs in primary schools

31 December 2014

Payday loan broker crackdown revealed

A crackdown on unexpected fees charged by payday loan middlemen has been unveiled by the Financial Conduct Authority

1 December 2014

Wonga keeps 18,000 customers waiting for compensation

Of the 45,000 customers who got fake lawyer letters from payday lender Wonga, 18,000 have yet to get compensation offers

18 November 2014

Church of England proposes school savings clubs

Children as young as four are encouraged to join savings clubs as part of a bid to prevent them relying on payday loans

13 November 2014

Payday loan costs to be capped by watchdog

People taking out payday loans will never have to pay back more than double what they originally borrowed, the FCA says

11 November 2014

Payday loan brokers catching hard-up consumers out, warns NatWest

Payday loan brokers made more than one million attempts to remove money from accounts, according to NatWest

29 October 2014

Payday loan firms to be forced onto comparison sites

Payday lenders will be forced to provide details of their products on comparison websites, under proposals from the CMA

9 October 2014

Wonga busted by the FCA: 330,000 to have their loan wiped

All Wonga customers who are 30 days or more in arrears on their loans will have the balance completely written off

2 October 2014

Guest comment: 'Payday loan ads should be banned before the watershed'

The Children's Society is calling for a change in law to ban payday loan adverts from TV and radio before 9pm

15 September 2014

Payday loan debt problems soar

The number of people struggling to cope with payday loan debts has risen by more than 13,000 in the past year

2 September 2014

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