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.
More top news
Tens of thousands are having do not resuscitate orders imposed without families' consent, according to the Royal College of Physicians.
The prime minister has said the debate over Britain's EU membership has affected his long-term friendship with the mayor of London.
Tonight a band of cloud and rain will spread into Scotland and Northern Ireland.