For a lot of people borrowing from a payday lender "is not a good idea" and they can find themselves getting further into debt, a finance chief told Good Morning Britain.
Financial Conduct Authority (FCA) chief executive, Martin Wheatley, admitted the interest cap on payday loans would "restrict the availability of loans to some people" but it would keep customers away from toxic debt.
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David Cameron and Nick Clegg have unveiled proposals for a range of new powers for the Welsh Government and National Assembly.
Generally a fine end to the week, with some cloud rolling in over the west.