Loans

Cash Genie customers to be compensated

Monday, 27 July 2015 | News

Cash Genie, txtmecash.co.uk and paydayiseveryday.co.uk customers are to be compensated for being treated unfairly.

Payday loan firms failing customers in arrears

Tuesday, 10 March 2015 | News

Payday lenders are failing to meet their regulatory requirement to treat customers in arrears fairly, according to the Financial Conduct Authority (FCA).

400 kids have taken out a payday loan

Thursday, 11 December 2014 | News

Some 433 children aged 12 to 18 have been able to take out a payday loan and 402 a store card, according to Action for Children.

Ombudsman warns against payday brokers

Wednesday, 29 October 2014 | News

The Financial Ombudsman Service has today reiterated its warning about payday brokering firms that raid people's bank accounts without them knowing.

Payday loans 'service' aimed at children launches

Sunday, 26 October 2014 | News

A payday loans service for children called Pocket Money Loans has launched, targeting kids aged 3+ with loans of up to £20.

Payday loan costs set to tumble after CMA proposal

Thursday, 09 October 2014 | News

Payday loan costs could soon plummet, if proposals by the Competition & Markets Authority (CMA) are adopted.

Wonga advert banned for not revealing 5,583% interest rate

Wednesday, 08 October 2014 | News

Payday loans firm Wonga has had an advert banned by the Advertising Standards Authority (ASA) because it did not reveal the lender's representative interest rate of 5,583%.

Calls for help with payday loans have risen 42%

Tuesday, 02 September 2014 | News

The number of people struggling with payday loan debt has rocketed by 42% in the past 12 months, new research has found.

Gender bias hurts first-time borrowers

Monday, 28 July 2014 | News

First-time borrowers can be charged higher interest rates and receive smaller loans from bank staff of the opposite sex because of gender bias, a new study has revealed.

Payday loan interest capped at twice original loan

Tuesday, 15 July 2014 | News

Customers using payday loan companies will never have to repay more than twice the amount they originally borrowed, under tough new proposals from the Financial Conduct Authority (FCA).