Exact(22)
The Labour Party is pushing for a levy on the payday industry to fund credit unions.
Wonga was forced to take action by the Financial Conduct Authority in an unprecedented crackdown on the payday loans industry.
Wonga's announcement coincided with the release of the Competition and Markets Authority's final report on the payday lending market following a 20-month investigation.
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.
The research is likely to increase the pressure on the payday loans industry, which has come in for criticism over its conduct from groups including Citizens Advice.
Government authorities are homing in on a lucrative loophole that allows online lenders to offer short-term loans at interest rates that often exceed 500 percent annually, the latest front in a crackdown on the payday lending industry.
Similar(38)
Chuck and Ned have eyes only for each other; Cod has his eye on the prize — the payday when they solve a case.
Sales were flatter than pitta bread.In this section The next frontier After the horse has been bolted The say-on-pay payday Up the right aisle Running out of road Time is money Smog and mirrors How to make a killing ReprintsEnter Georges Plassat, the new boss who joined Carrefour last year.
Companies fear they will end up paying an "annual meeting tax .In this section The next frontier After the horse has been bolted The say-on-pay payday Up the right aisle Running out of road Time is money Smog and mirrors How to make a killing ReprintsSome have decided to fight back.
Wonga is slashing about a third of its workforce to cut costs as it responds to a wider clampdown on unfair practices in the payday lending market.
The charity called on regulators to cap the cost of these forms of borrowing, similar to the one introduced on payday loans at the start of 2015.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com