Advertisement

  1. National

Payday lenders 'out of control'

Fresh evidence of "out of control" payday lenders failing to act responsibly and hounding people for money was released by a debt advice charity today.

View all 4 updates ›

CFA: We've got standards in place for lending

Payday lenders are not doing everything they can to make sure they lend responsibly, the Citizens Advice Bureau warned.

Russell Hamblin-Boone from the Consumer Finance Association Credit: Daybreak

Russell Hamblin-Boone from the Consumer Finance Association, which represents payday lenders said he did not believe that it was the "activities of the larger lenders" he represented.

He said: "We've got standards in place which go over and beyond what our legal requirements are to make sure that we're lending to people responsibly, that we're lending to people who can pay back and that we're making sure we are treating people fairly."

More top news