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Campaigns | Payday loans and overdrafts

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Labour would impose a levy on payday lenders

Ed Miliband today announced that Labour would impose a levy on payday lenders if the party came into power.

Payday lenders quizzed at government summit

Payday lenders faced government scrutiny today. Serious concerns were raised about payday lending and what the industry should do to protect their customers.

The OFT takes payday loans to the Competition Commission

The Office of Fair Trading (OFT) confirms that it has referred the £2bn payday loan sector to the Competition Commission.

Government promises to clamp down on credit

The government has today announced plans to impose tougher restrictions on payday lenders, following a year-long investigation by the Office of Fair Trading (OFT).
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