Sentence examples for loans sector from inspiring English sources

The ban is the latest in a string of troubles for the lender and the payday loans sector more widely.

There were an estimated 50,000 firms currently active in the credit and loans sector, of which "a few hundred" were payday lenders.

However, a regulatory clampdown on the payday loans sector – led by a cap on the overall cost of loans – appears to be benefitting vulnerable borrowers.

A second investigation into the payday loans sector is also under way by the Financial Conduct Authority which is examining rollover loans and some of the exorbitant interest rates charged.

"They are refusing to speed up new powers for the regulator, delaying real-time monitoring across the high-cost loans sector and prevaricating about a cap on the total cost of credit.

The inquiry is in response to the recent turmoil in global markets stemming from troubles in the American mortgage loans sector, which on Thursday continued to affect international financial and commodity markets.

However, the private student loan sector does not play by the same rules.

Last November, the New York Federal Reserve bank warned that arrears in the sub-prime car-loan sector were a "significant concern".

Martin Wheatley, incoming chief executive of the FCA, said there was clearly growing concern about "abusive practices" in the payday loan sector.

The short-term loan sector, which is worth more than £2bn a year, was referred to the commission in 2013 following an investigation by the Office of Fair Trading.

The responsibility for regulation of consumer credit – including the payday loan sector – will move from the OFT and come under the jurisdiction of the new regulator Financial Conduct Authority (FCA) from 2014.