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Regulator to investigate payday loans competition

The Competition and Markets Authority is to investigate potential ways to increase price competition in the payday loans sector.

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Regulator to look at increasing payday loans competition

The Competition and Markets Authority will investigate potential ways to increase price competition in the payday loans sector.

The Competition and Markets Authority has been looking at the payday loans sector. Credit: PA Wire

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.

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