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Payday loan cap needed right now

THE news there will be a regulated cap on payday loan companies is great news for the less well-off.

The fact they are being introduced proves they are necessary.

But not bringing them in until after the busiest time - and heaviest drain of funds - of the year is a joke.

If the cap is really needed, it is really needed now - not later.

GERRY LEDDY

Holywood, Co Down

Belfast Telegraph

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