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Payday News

Regulation to curb Payday loans companies

Price caps on short-term loans have begun in Great Britain and although more than 1 million borrowers can expect to see the cost of their loans decline, most of the lenders have set interest rates and fees to the maximum allowable by law.

Wonga’s financial woes mount after FCA clampdown

Up to a million customers of the payday loan company Wonga could have their debts and late fees cancelled or reduced following an investigation by the Financial Conduct Authority.

'Last Week Tonight's' John Oliver took aim at payday loans

British comedian John Oliver recently took aim at payday loans, which are unsecured short-term loans that have high interest rates.

Payday Loans on the General Assembly Agenda

PayDay Loans or Loan Shark Loans??
 

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