A new crackdown from financial regulators could put a quarter of payday lenders out of business, the head of the Financial Conduct Authority has said.
Martin Wheatley told Radio 4's Today programme:
"I think our processes will force approximately a quarter of the firms out of the industry and that’s a good thing because those are the firms that have poor practices, and for the rest, we want them to improve.”
More top news
Concern over F1’s lucrative tax agreement has driven the Labour MP Margaret Hodge to table Parliamentary Questions about it
Supermarket chain Marks and Spencer has issued a recall of one of its soup products amidst fears of "possible chemical contamination".
The bill is President Trump's first attempt at passing a big legislative piece through Congress.