The Financial Conduct Authority will set a cost cap of 0.8% per day for payday lenders, it has announced today.
The financial services regulator says the cap on high-cost, short-term lenders will be introduced in January.
Leading online lender Wonga have said they are looking forward to launching a "cap compliant" product in the wake of the Financial Conduct Authority's announcement of a costs cap on payday lenders.
In a statement, Wonga said:
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.