Advertisement

  1. National

OFT action on payday loans

The Office of Fair Trading has referred the payday lending industry to the Competition Commission because of concerns it has about "deep-rooted" problems with the way competition works.

View all 11 updates ›

OFT refers payday lending to Competition Commission

Trading watchdog the Office of Fair Trading made the announcement this morning. Credit: Dominic Lipinski/PA Wire

The Office of Fair Trading has referred the payday lending industry to the Competition Commission because of concerns it has about "deep-rooted" problems with the way competition works.

More on this story