Action needs to be taken against payday loan companies as welfare reforms begin to bite, according to Communities and Tackling Poverty minister Huw Lewis AM.
Mr Lewis has submitted evidence to a consultation being carried out by the Office of Fair Trading (OFT) who want to refer the payday loan market to the Competition Commission.
OFT research found "a concerning picture of the UK payday lending market" and Mr Lewis said he has "deep concern" about the impact on communities.
More top news
A chance of seeing brighter spells in the south and east this morning but turning cloudier everywhere this afternoon with patchy rain.
Occasional blustery showers overnight and brisk north-westerly winds. Patchy rain will continue during the day tomorrow.
Dame Shirley Bassey releases her first festive recording "The Christmas Song" with Brit-Award winning harmonisers Blake.