The Competition and Markets Authority will investigate potential ways to increase price competition in the payday loans sector.
This will include setting up a price comparison website and creating clearer upfront disclosure of borrowing costs if a loan is not paid back in full and on time.
More top news
The hunt for murder suspect Jed Allen has ended after police found his body two days after discovering his mother, stepdad and sister dead.
A woman who had been searching for her mother for more than 10 years has been reunited with her after posting an appeal on social media.
Although a dull start can be expected, it will brighten up in eastern areas. Especially to the south.