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Campaigns | Payday loans and overdrafts

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borrowing money stories banked
Paul Blomfield MP's credit charter
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FCA proposes a cap on credit

The Financial Conduct Authority (FCA) has proposed a 0.8% cap on the daily rate of a payday loan, meaning many lenders will have to cut their rates.

1st April 01 Apr

The FCA takes over credit regulation


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.
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