Labour are expected to unveil plans for a new tax on payday lenders to help fund low-cost alternatives, such as credit unions, later today.
Payday lenders, which offer short-term loans to customers who run out of money while waiting for their monthly pay cheque, have been widely criticised for charging vulnerable individuals high interest rates which can top 5,000% a year.
Companies will have to pay an existing levy when they start being regulated by the Financial Conduct Authority next year.
Under Labour's proposal, payday firms will face an additional charge on top of this to boost the credit union market, where loans are available at much lower rates to households unable to access the mainstream credit market.
More top news
United Airlines has apologised for its initial response after a passenger was injured as he was forcibly removed from an overbooked flight.
It is said that the teenager attacked and raped the woman, in her forties, on April 19 near to a park in Kidbrooke, south-east London.
Turkish police have arrested a Briton suspected of fleeing Syria after spending two years with so-called Islamic State.