Citizens Advice chief executive Gillian Guy has welcomed the proposed cap on payday loans but said that it was important to address the causes of the increase in their use:
The Government's plan to cap the cost of loans only goes to show how out of control the industry is ...
Government must also tackle the underlying need for payday loans and ask what is driving people to short-term credit in the first place.
New figures released by Citizens Advice found that three out of four borrowers find it difficult to repay payday loans, while 62 percent of loans still come without proper checks to assess whether borrowers can afford to repay.
More top news
Rain in the southwest of England will gradually spread further north and east.
A four-year-old boy has died after being hit by a car outside a medical centre in Leeds.
The McCanns said they will do "whatever it takes for as long as it takes" to find their daughter, ten years after her disappearance.