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    1. August 10, 2015

      Sheffield sets up finance broker to take on high interest lenders

      Sheffield is tackling the scourge of high interest lenders by setting up its own finance broker. City residents can...

    2. July 27, 2015

      Cash Genie to compensate 92,000 customers for ‘unfair practices’

      Payday lender Cash Genie is to pay £20m in compensation to tens of thousands of borrowers after admitting it charged...

    1. June 26, 2015

      ZestFinance joins JD.com in China venture

      ZestFinance, a supplier of underwriting tools to payday lenders across the US, is making a push into China, aiming to...

    2. June 11, 2015

      Payday lender numbers shrink by a third in response to new rules

      More than a third of payday lenders in the UK have stopped operating in response to rules designed to stamp out...

    3. June 7, 2015

      Payday lenders take aim at grubby end of US debt market

      Sasha Orloff is quite happy for his customers to leave him behind. If all goes to plan, in fact, low-income consumers...

    4. May 21, 2015

      UK watchdog warns customers to check debt ‘as matter of urgency’

      The UK watchdog has urged thousands of customers paying extortionate fees to three debt management firms to review...

    5. May 19, 2015

      Wonga rolls out revamped payday loans

      Wonga has unveiled a revamp of its payday loans and a new advertising drive as the lossmaking credit provider attempts...

    6. April 21, 2015

      Wonga slides to first annual loss as regulatory crackdown bites

      Wonga, Britain’s largest and most controversial payday lender, has launched a radical overhaul of its business as it...

    7. April 20, 2015

      Wonga set to report annual loss as regulation bites

      Wonga, the UK’s largest payday lender, is being forced to overhaul its business in order to survive after a regulatory...

    8. April 15, 2015

      UK payday lenders under renewed pressure

      Hundreds of payday lenders in the UK are coming under renewed pressure to clean up their act or risk being forced out...

    9. March 10, 2015

      Watchdog finds most UK payday lenders treat customers unfairly

      The majority of payday lenders in Britain have unfair practices that disadvantage many borrowers in financial...

    10. February 24, 2015

      Wonga to halve UK-focused staff amid payday lender clampdown

      Payday lender Wonga is set to halve the size of its UK-focused workforce in a restructuring and cost-reduction...

    11. February 8, 2015

      UK credit union membership doubles to 1.5m in a decade

      Credit union membership in the UK has more than doubled in a decade, to over 1.5m. That compares with 1.6m customers...

    12. February 5, 2015

      Police probe into Wonga ruled out

      A criminal investigation into whether Wonga deceived customers by sending fake letters from lawyers in an attempt to...

    13. January 9, 2015

      Charity suggests pension savings as ‘buffer’

      The pensions auto-enrolment system should be used to help every household to save a £1,000 “rainy day” fund for...

    14. January 2, 2015

      Crackdown on payday loans charges

      A cap on charges that payday loan companies levy on customers came into effect on Friday, putting new constraints on...

    15. December 26, 2014

      Concern UK payday lenders will offer risky credit to survive

      Tough new rules threaten to extinguish nearly all of Britain’s payday lenders at the start of next year, but concern is...

    16. 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...

    17. 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...

    18. 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...

    19. 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...

    20. 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...

    21. 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...

    22. 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...

    23. 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...

    24. 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...

    25. 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...

    26. 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...

    27. 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...

    28. 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...

    29. 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...

    30. 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...

    31. 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...

    32. 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...

    33. 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...

    34. 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...

    35. 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...

    36. 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...

    37. 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...

    38. 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...

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