Belfast Telegraph

Major probe into payday lenders

Initial findings from an in-depth probe into payday lenders by the Competition Commission will be published in 2014. The sector was referred to the commission after the Office of Fair Trading found 'deep-rooted' problems, including customers becoming trapped by lenders rolling over loans they cannot afford to pay back. The commission will give its provisional findings around May or June.

Initial findings from an in-depth probe into payday lenders by the Competition Commission will be published in 2014. The sector was referred to the commission after the Office of Fair Trading found 'deep-rooted' problems, including customers becoming trapped by lenders rolling over loans they cannot afford to pay back. The commission will give its provisional findings around May or June.

Belfast Telegraph

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