Chancellor George Osborne has said he wants the new regulator, the Financial Conduct Authority, to "look at the whole package" of charges for payday loans.
He said this would include considering a cap on arrangement fees and penalties as well as the interest rates, in order to put a "cap on the total cost of credit".
More top news
London mayor Boris Johnson is backing Olympics supremo Seb Coe as his replacement.
A top Fifa official who assessed rival bids to stage the 2018 and 2022 World Cups revealed England’s was by far the strongest contender.
A hacker group who claimed to be behind a cyber attack on Sony Pictures have posted a message online apparently mocking the FBI.