The Office of Fair Trading has announced it is giving the leading 50 payday lenders, accounting for 90 per cent of the payday market, 12 weeks to change their business practices or risk losing their licences.
It comes after a year-long investigation which uncovered evidence of widespread irresponsible lending and failure to comply with the industry standards.
More top news
Heavy rain that has caused extensive flooding has left vehicles submerged and public transport severely disrupted in Aberdeen.
A slow start for most of us tomorrow with dribs and drabs of rain leaving some of us with a soggy journey into work.
The chief executive of one of the 'big six' energy companies tells ITV News a report customers are paying too much is a concern.