Search for Payday lenders and
    1. December 16, 2014

      Wonga caps fees on payday loans

      Wonga, the UK’s biggest payday lender, has imposed a cap on the cost of its short-term loans that is the maximum allowed...

    2. December 8, 2014

      Payday lenders introduce lower-fee loans as new rules loom

      The UK’s biggest payday lenders are trialling loans with lower fees ahead of rules starting next year that are expected to...

    1. December 1, 2014

      FCA toughens rules for loan brokers

      Loan brokers are to be subject to strict new rules on fees and transparency after the UK financial regulator found some to...

    2. November 20, 2014

      Wonga parts company with interim chief executive

      Wonga, the beleaguered payday lender, has parted company with Tim Weller, its interim chief executive, after he spent six...

    3. November 16, 2014

      Employer teams up with credit union to help staff with loans

      After last week’s announcement of new rules that threaten hundreds of payday loan companies, a family-owned business in...

    4. November 11, 2014

      Payday lending should be tamed, not eliminated

      Normally a business suffers when its customers become more impoverished. Payday lenders are the exception, having in a few...

    5. November 11, 2014

      Banks urged to help borrowers who use payday lenders

      The UK government has written to some of Britain’s biggest banks urging them to explore ways of helping hard-pressed...

    6. November 11, 2014

      New rules threaten existence of payday lenders

      New rules being brought in to clean up the payday lending industry may result in the eradication of the specialist high...

    7. October 29, 2014

      Payday loan customers warned over broker fees

      Thousands of people seeking payday loans have had a total of more than £1m taken from their bank accounts by “middlemen”...

    8. October 12, 2014

      Borrowers urged to look at alternatives to payday lenders

      Borrowers in need of short-term credit are being urged to look at alternatives to payday lenders, despite moves by the UK...

    9. October 9, 2014

      Regulator throws payday lenders a lifeline

      The existence of payday lenders is under threat from increasing regulatory scrutiny, but plans to make the industry more...

    10. October 9, 2014

      Regulator tightens grip on payday lenders

      Payday lenders will have to compete on price under new rules proposed by the Competition and Markets Authority, in the...

    11. October 7, 2014

      Wonga TV ad banned for not showing cost of borrowing

      An advert for payday lender Wonga has been banned for failing to show the true cost of borrowing. The Advertising Standards...

    12. October 7, 2014

      A ban on payday lending will not abolish human frailty

      Payday lending offers small sums for short periods of time at very high interest rates. Society would be a better place if...

    13. October 3, 2014

      Day of reckoning for UK payday lenders

      When a wave of payday lenders set up in the UK in the late-2000s they were hoping for fertile ground. Light-touch regulation...

    14. October 3, 2014

      Payday lenders face UK wipeout

      Nearly all of Britain’s hundreds of payday lending companies will be wiped out once new regulations come into force early...

    15. October 2, 2014

      Wonga to write off £220m of loans owed by customers

      Wonga suffered its second big setback in three days as it agreed with the UK regulator to write off the debt of 330,000...

    16. September 30, 2014

      Wonga profits halved in wake of compensation costs and crackdown

      Wonga reported its first ever year-on-year fall in profit after the UK’s biggest payday lender was forced to compensate...

    17. September 5, 2014

      Payday loan debts on the rise

      The number of people struggling to repay payday loans has grown significantly over the past year, according to figures...

    18. August 19, 2014

      Online loan broking complaints more than double

      Online payday loan brokers are taking hundreds of pounds from consumers on the promise of finding cheap credit but many...

    19. July 15, 2014

      Banks look to replace payday lenders

      Some of Britain’s biggest banks are examining ways to launch payday-style loans as a new cap on the cost of credit is...

    20. July 14, 2014

      Wonga’s new chairman scraps advertising puppets amid review

      The newly appointed chairman of Wonga has moved to clean up the business, dropping advertising that might encourage young...

    21. July 13, 2014

      Watchdog set to unveil details of cap on UK payday loan charges

      Details of a shake-up of Britain’s payday lending will be announced as soon as this week as the country’s financial watchdog...

    22. July 10, 2014

      Church of England sells indirect stake in Wonga

      The Church of England has sold its indirect stake in Wonga, ending an embarrassing saga triggered by the Financial Times’...

    23. July 7, 2014

      Payday lender complaints more than double

      Complaints against payday lenders have more than doubled in the past two years, with many borrowers raising concerns about...

    24. July 6, 2014

      RBS challenges payday lenders by offering ‘loans within minutes’

      By Sharlene Goff, Retail Banking Correspondent Royal Bank of Scotland is planning to challenge Britain’s payday lenders by...

    25. July 3, 2014

      Wonga’s investors await an uncertain payday

      These are worrying times for Wonga. The contentious British payday lender has swept all before it in the past few years...

    26. June 27, 2014

      Why Wonga is only part of the problem

      The knives are out for Wonga. A bit like Luis Suárez, the Uruguayan striker who took a bite out of an Italian opponent this...

    27. June 27, 2014

      Moneylenders dodge the regulator’s lash

      ‘Wonga’s dark day illustrates increasing pressure on payday lenders’ Financial Times, June 25 Wonga, aren’t they the people...

    28. June 25, 2014

      Wonga: straight talking?

      Harry Frankfurt, a philosopher at Princeton, observed that there is a poorly understood space between lying and telling the...

    29. June 25, 2014

      Wonga to pay £2.6m compensation over debt collection

      Wonga, the payday lender which has been criticised for its high-interest rates, has been forced to compensate tens of...

    30. June 13, 2014

      Wonga co-founder Errol Damelin cuts ties with payday lender

      Wonga’s co-founder has stepped down from its board, leaving the UK’s biggest payday lender without a permanent chief...

    31. June 11, 2014

      Watchdog concerned over role of payday loan brokers

      “We’ve all had money troubles at some point, I know I have. You could see your bank and fill in loads of forms, but is there...

    32. June 11, 2014

      Watchdog proposes price comparison website for payday lenders

      The UK’s competition watchdog has proposed an independent price comparison website for payday lenders after finding that...

    33. May 22, 2014

      Niall Wass steps down as Wonga chief after 6 months

      Wonga has lost its second chief executive in just six months as the payday lender faces an industry-wide regulatory...

    34. May 20, 2014

      Tougher UK rules drive payday lenders away

      Britain’s crackdown on payday lending is forcing a mass exodus from the quick credit market, with up to half the lenders...

    35. May 13, 2014

      Cheque Centre stops payday loans after FCA scrutiny

      A warning shot has been fired to the UK’s payday lenders as one of the sector’s largest companies exits the market under...

    36. May 6, 2014

      Payday lenders criticised for harming customers

      Payday lenders have been accused of causing “enormous customer detriment” by pursuing a business model that requires repeat...

    37. April 1, 2014

      FCA rules could force quarter of payday lenders out of business

      Strict new rules on payday loans could force a quarter of lenders out of business, in a move by the UK regulator to clamp...

    38. March 23, 2014

      Catalogue debt is bigger problem than payday loans

      Buy now, pay later schemes offered by some of the UK’s biggest retailers are responsible for more borrowers falling into...

    Search for Payday lenders and