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
The best of any sunshine will be for north-eastern areas particularly this morning.
The 81-year-old revealed she wasn't asked to follow the hit TV show to Channel 4, and wouldn't have been tempted by the money.
Minister will fail to eliminate the gender pay gap in a generation if it continues to "ignore" evidence to help achieve its goal, MPs warn.