Advertisement

  1. National

Payday loans interest rates capped from January

The Financial Conduct Authority has announced plans to impose a price cap on payday lenders from January.

View all 9 updates ›

Key proposals of new cap on payday lenders

The Financial Conduct Authority's cap on the interest charges and fees set by payday lenders will ensure customers will never be hit with loan costs higher than the amount borrowed.

ITV News Business Editor Joel Hills has tweeted the FCA's key proposals:

More top news