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
Grant Shapps and Lord Feldman should stand down for their alleged inaction over bullying claims, father of activist who killed himself says.
Scans show there is a 90% chance Tutankhamun's tomb contains a hidden chamber - the last resting place of Queen Nefertiti.
A pregnant woman suffered broken bones and is to undergo surgery after being thrown on to the bonnet of a car in a collision.