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.
Payday lenders must deal with consumers fairly
Geoff Brown, of Hampshire Credit Union, says the Office of Fair Trading guidelines make it clear there is "an overarching principle of fairness in dealing with people".
He says, based on the OFT's report, payday lenders are not following this advice and "need to".
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What to do if you're in trouble with payday lenders
Sky-high interest rates of payday loans can vastly increase the amount owed. Here's some advice if you find yourself in financial trouble.
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Problems with the payday lending crackdown
There are a few problems with the payday loan crackdown - and reform looks set to be a slow process.