The Competition and Markets Authority has ruled the lack of competition in the payday loans sector:
- Could be responsible for adding £5-£10 to the average cost of a payday loan
- This is relative to a typical loan of £260 taken out for just over three weeks
- A typical customer (who takes out six loans a year) could save £30-£60 per year
- The gap between the cheapest and most expensive deals for a month-long £100 loan is more than £30
More top news
The tennis superstar said she was being driven by her nephew when she saw a police officer and was worried about what might happen.
A team of prosecutors investigating the downing of a Malaysian airliner over eastern Ukraine in 2014 is due to release new findings today.
Juan Pujol Garcia had to go to extreme lengths of deception in order to convince his wife to stay living London.