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    1. June 2, 2016

      US regulator targets payday lenders

      The US payday lending industry would shrivel under an Obama administration crackdown proposed on Thursday that could...

    2. May 11, 2016

      Google bans payday lender advertising

      Google has taken a stand against payday lenders, imposing a blanket ban across its ad systems to shield users from...

    1. May 4, 2016

      Wonga posts record loss during radical overhaul

      Wonga posted a record annual loss of £80.2m as the UK payday lender undertakes a radical overhaul in an attempt to...

    2. March 10, 2016

      PDHL debt management firm loses licence

      A debt management firm that insisted one of its customers keep up £30 monthly repayments even though he had no income...

    3. December 7, 2015

      Wonga hires former Lloyds director Graham Lindsay

      Wonga, the UK’s largest payday lender, has appointed the former director of responsible business at Lloyds Banking...

    4. November 25, 2015

      Payday lender Wonga to pilot 90-day loans

      Wonga is launching flexible, longer-term loans for existing borrowers before Christmas in the wake of a clampdown on...

    5. November 25, 2015

      Beyoncé and MailOnline fail to lift DMGT out of the daily grind

      With its 15m daily visitors, MailOnline well understands the link between biz and showbiz. It reports that billionaire...

    6. November 13, 2015

      Review: ‘How the Other Half Banks’, by Mehrsa Baradaran

      Not long ago I spoke to Doris Edwards, a 50-year-old checkout assistant from Dallas, Texas. In 2010 she had lost her...

    7. October 26, 2015

      Watchdog orders payday lender to refund £15m

      One of the largest payday lenders in the UK is to refund £15.4m to thousands of borrowers after the City watchdog...

    8. September 25, 2015

      Church urges wealthy to lend to the poor

      Sir Hector Sants is calling upon the wealthy to lend to credit unions and help run co-operatives in an attempt to raise...

    9. September 6, 2015

      Challenger banks complain Osborne tax will put them at ‘disadvantage’

      Britain’s challenger banks are warning that payday lenders will have an unfair advantage over them as they do not have...

    10. 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...

    11. 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...

    12. 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...

    13. 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...

    14. 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...

    15. 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...

    16. 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...

    17. 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...

    18. 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...

    19. 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...

    20. 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...

    21. 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...

    22. 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...

    23. 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...

    24. 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...

    25. 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...

    26. 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...

    27. 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...

    28. 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...

    29. 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...

    30. 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...

    31. 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...

    32. 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...

    33. 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...

    34. 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...

    35. 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...

    36. 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...

    37. 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...

    38. 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...

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