MoneySavingExpert.com creator Martin Lewis has criticised payday lenders in a meeting with MPs, saying: "I think we'd all be a lot better off without them."
Borrowers using peer-to-peer sites are edging closer to a better protected lending and borrowing environment, following new plans outlined by the Financial Conduct Authority (FCA) today.
The days of shoddy payday loan practices could be numbered after the Financial Conduct Authority (FCA) today announced plans to crackdown on the industry.
More than one in three of the payday lenders ordered by the Office of Fair Trading (OFT) to prove their practices are up to scratch have decided to quit the industry.
The Archbishop of Canterbury has told Wonga the Church of England wants to "compete" it out of existence as part of plans to expand credit unions as an alternative to payday lenders.
Payday loan firm QuickQuid has admitted it got hold of non-customer details from third parties, following last week's huge blunder when it emailed many consumers with incorrect demands for cash.
19 July 2013
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