Payday firms say they make careful affordability checks. These are supposed to ensure the companies don't lend more than a borrowers can repay.
But today they admitted to a worrying blind spot. It's possible for someone to take out a series of short term loans all around the same time, without the payday firms realising the individual is becoming over-stretched.
The spokesman for Mr lender, Adam Freeman, admitted it could be 60 days before they get the information. Wonga's Henry Raine agreed that better data sharing is needed to plug the information gap.
More top news
The Duke and Duchess of Cambridge were snubbed for a second time in two days on their visit to Canada by a prominent First Nations leader.
Scientists found their skin cells have a built-in protection, meaning they are more likely to be blessed with long-lasting youthfulness.
Sam Allardyce's shock departure as England manager has left the FA looking to find another manager in the space of two months.