Payday loans interest rates capped from January
The Financial Conduct Authority has announced plans to impose a price cap on payday lenders from January.
FCA to impose payday lender price cap from January
The Financial Conduct Authority has announced plans to impose a price cap on payday lenders from January 2015.
The FCA confirmed earlier this year it planned to cap the total cost of credit for all payday loan firms from early next year following pressure from the Government.
More top news
-
Two dead after earthquake rocks Turkey and island of Kos
At least two people have died and more than 120 others have been injured after an earthquake rocked Turkey and the Greek island of Kos.
-
Son of Cecil the lion killed in Zimbabwean hunt
The son Cecil the lion, whose 2015 killing prompted an international outcry, has also been fatally shot during a hunt.
-
A weather warning is in force between 5am and 7pm.
Thickening cloud and rain stalling across Wales and southwest England through tomorrow