Representatives of the UK's biggest payday lenders have been accused, by the Consumer Minister, of failing to get their house in order.
It follows an admission that they don't always share data with each other, meaning borrowers can run-up debts by taking out multiple loans. The lenders were speaking at a one-off session in Parliament.
ITV News Consumer Editor Chris Choi reports
More top news
Plumbers and heating engineers should be trained to help people living in homes that are too cold, according to new health guidelines.
Rain for the northwest, dry and cold elsewhere
Rejecting a showdown with Ed Miliband, David Cameron's terms sent to broadcasters reveal his deep dissatisfaction with the debate proposals.