Labour shadow business minister Stella Creasy has accused the Government of "following Labour’s lead" on capping the charges for payday loans.
But she said in a statement that the proposal doesn't go far enough "to address the damage this toxic industry has done":
– stella creasy, shadow business minister
We want a levy on these companies to expand the funds available to credit unions so they can serve more people, powers for councils to limit the growth of these companies on our high streets and a ban on advertising to children of these products.
Labour MP Stella Creasy has complained to the police after she was threatened with rape on Twitter for supporting the feminist campaigner Caroline Criado-Perez.
Ms Creasy, who represents Labour in Walthamstow, retweeted some of the messages she received under the hashtag #takebacktwitter, before warning her abusers that she would report them to the police and "ensure action" was taken.
The Labour MP Stella Creasy who campaigns against pay-day lenders has said she expects an apology from payday lender Wonga after claims that one of its employee abused her on Twitter.
An anonymous Twitter account accused Creasy of being “mental, “nuts” and a “self-serving ego-maniac”.
Creasy said Wonga was prepared to "stoop to many levels" to defend the industry and that she expects an apology.
Wonga has admitted that a “junior employee” may have made unauthorised comments online and said it was looking into the matter.