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  1. 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...

  2. 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...

  1. March 12, 2014

    Payday sector is a lightning rod for FCA

    The forthcoming clampdown on payday lenders is a shrewd move by a regulator that wants to prove itself as a champion of the...

  2. February 28, 2014

    FCA tightens rules for payday lenders

    Payday lenders operating in the UK are being told to check whether borrowers can afford their short-term, high-cost loans...

  3. January 15, 2014

    Payday lenders club together to create loans database

    After repeatedly saying that it was impossible to create a database for payday loans the UK’s largest payday lenders are...

  4. December 20, 2013

    Ban payday loan promotions on children’s TV, say MPs

    A committee of MPs has backed a call for payday lenders to be banned from advertising on children’s television, as part of a...

  5. December 10, 2013

    Payday loan adverts seen 7.5bn times in 2012

    The huge rise in popularity of payday loans has been driven by extensive marketing efforts that meant television viewers...

  6. November 27, 2013

    Cash-strapped Albemarle & Bond smelts gold to raise money

    Pawnbroker Albemarle & Bond has resorted to melting down some of its stocks of gold jewellery in an attempt to raise ready...

  7. November 25, 2013

    Payday loans: George Osborne is losing the argument, says Labour

    George Osborne’s plan to cap the costs of payday loans was portrayed by Labour as a sign the chancellor was losing the...

  8. November 25, 2013

    Wonga policy is an unworthy evasion

    The excoriation of the moneylenders continues. In October, the Financial Conduct Authority announced curbs on the industry,...

  9. November 25, 2013

    Lobbying by payday loans sector fails to pay off

    Payday lenders have been on a charm offensive this year, but if loan costs are capped it looks as though all their efforts...

  10. November 25, 2013

    George Osborne moves to impose cap on cost of payday loans

    The Treasury plans to limit the cost of payday loans as the industry comes under mounting political scrutiny. The Financial...

  11. November 12, 2013

    Wonga chief Damelin takes back seat

    The co-founder and chief executive of Wonga, the payday lender, is relinquishing control of the day-to-day running of the...

  12. November 8, 2013

    Swallow your contempt – Wonga is the symptom, not the problem

    I believe it was December 1980 when my father sat down with me and warned me gravely that the central heating had broken...

  13. November 6, 2013

    A misguided war against Wonga

    In his desire to make living standards the focal issue ahead of the next election, Ed Miliband has won applause for some...

  14. November 5, 2013

    We are now all part of the Wonga economy

    Remove everything that has no relevance to the story, advised Russian playwright Anton Chekhov. Gary Tarn, the director of...

  15. November 5, 2013

    Doorstep lenders stress their difference

    Doug Martin gives a blunt assessment of the role of doorstep lenders in the UK’s financial sector. “We sit between the banks...

  16. November 5, 2013

    Miliband attacks Britain’s ‘Wonga economy’

    Ed Miliband attacked Britain’s “Wonga economy” on Tuesday as he seized on payday lenders as the latest target in his crusade...

  17. November 5, 2013

    Wonga co-founder quits

    Wonga came under siege on Tuesday as the company faced a barrage of criticism from MPs and upheaval in its boardroom less...

  18. November 1, 2013

    Wonga payday loan group releases film to improve its image

    Wonga is predatory. The payday loan company feeds off Britain’s soft underbelly – people mired in poverty, refused credit by...

  19. October 18, 2013

    Wonga expands with acquisition of German online payments group

    Wonga, the online payday lender, has accelerated its international expansion with the acquisition of BillPay, a German...

  20. October 17, 2013

    Debt charities fear payday lenders tax

    Debt charities criticised a plan by Labour to impose new taxes on payday lenders, warning it could have the adverse effect...

  21. October 3, 2013

    Payday lenders: Key aspects of FCA proposals

    The Financial Conduct Authority wants to make sure that borrowers using payday lenders only take out short-term, high-cost...

  22. October 3, 2013

    Payday lenders face fresh curbs as regulator clamps down

    Plans to stop payday lenders taking money from customer bank accounts and rolling over unpaid debts could reduce short-term,...

  23. September 10, 2013

    Regulator doubts rate cap will curb payday lenders’ behaviour

    A top UK regulator has told the Treasury select committee he is not convinced that capping the interest rates payday lenders...

  24. August 8, 2013

    Labour proposes measures to undermine payday lenders

    Payday loan companies would pay a levy towards rival credit unions under Labour proposals to support attempts by the...

  25. July 28, 2013

    The Church of England should invest in a wave of new lenders

    Poor Justin Welby. The Archbishop of Canterbury’s remarks last week on the evils of high-interest personal loans were...

  26. July 25, 2013

    Money lenders invited back into temple

    Church volunteers offering loan applications from behind a trestle table are an unlikely rival to the UK’s controversial...

  27. July 25, 2013

    The archbishop’s war on Wonga

    Justin Welby, the archbishop of Canterbury, is inviting money lenders to the temple, allowing credit unions –...

  28. July 25, 2013

    Church of England to take on payday lenders

    Britain’s booming payday lenders – seen by critics as “legal loan sharks” – have met a new adversary in the form of the...

  29. July 1, 2013

    Payday lenders face new regulatory curbs

    Advertisements that promise fast, easy access to cash loans are likely to be curtailed next year, when the new regulator...

  30. July 1, 2013

    Ministers accused of ducking action against payday lenders

    Labour has accused ministers of “ducking” action on predatory payday lenders and called for more protection for vulnerable...

  31. May 31, 2013

    Regulation of UK payday lenders criticised

    Regulation of the payday lending industry has been “ineffective and timid in the extreme”, according to an influential...

  32. May 28, 2013

    Payday lenders attacked as ‘out of control’

    The payday loans industry is facing fresh criticism of its business practices on the day a deadline expires for the sector...

  33. May 14, 2013

    Payday lenders to defend practices in talks with MPs

    Payday loan companies are to defend their business practices to MPs after months of intense criticism during which they have...

  34. April 25, 2013

    Banks must take some blame for rising payday lending

    The debate on the future of British finance has, thus far, focused largely on the banks’ risky investments, dangerous...

  35. March 6, 2013

    Probe should shake up payday lenders

    The Office of Fair Trading is looking busy. With little more than a year before the competition watchdog – oddly responsible...

  36. March 6, 2013

    Payday lenders given 12 weeks to shape up

    The typical payday loan customer is young, male and in steady employment. He has a bank account and probably owns a...

  37. March 6, 2013

    Wheatley pledges payday lender crackdown

    Martin Wheatley, the head of the Financial Conduct Authority, the new consumer regulator, has pledged a crackdown on payday...

  38. March 5, 2013

    Payday lenders fear damning report

    Payday lenders are expected to face heavy criticism and the threat of fines from the Office of Fair Trading as part of a...

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