Payday loans
‘It left me with nothing’: the debt trap of payday loans
Some payday loans have interest rates as high as 664% – but now Minnesota will cap them at 36%, in line with some other states
Michael Sainato
02, Jun, 2023 @10:00 AM
‘Traumatising’: how rogue digital loan apps in Kenya intimidate borrowers
Kenyans unable to access bank loans are being harassed and ‘debt-shamed’ by unlicensed online lenders if they default
Caroline Kimeu
12, Oct, 2022 @6:00 AM
Where will struggling households turn to after UK clampdown on payday lenders?
Market once dominated by Wonga has halved but some industry figures say there could be role for more tightly regulated sector
Kalyeena Makortoff Banking correspondent
30, Aug, 2022 @5:00 AM
More UK households are turning to high-cost lenders, says charity
Warning comes as Amigo plans lending comeback offering loan with annual interest rate of 49.9%
Jess Clark
02, Jul, 2022 @6:00 AM
UK banks must be more flexible to help struggling borrowers, says City watchdog
FCA calls for payment holidays and waiving interest charges for customers hit hardest by cost of living crisis
Kalyeena Makortoff Banking correspondent
16, Jun, 2022 @8:45 AM
Google profiting from ‘predatory’ loan adverts promising instant cash
The ads, some offering loans delivered ‘faster than a pizza’, appear to deliberately target those in financial trouble
Shanti Das
13, Mar, 2022 @9:30 AM
‘Their weapon is your shame’: toxic abuse from Nigeria’s loan sharks
Unemployment and inflation in Africa’s largest economy is driving the desperate to unscrupulous loan companies
Emmanuel Akinwotu in Lagos
09, Mar, 2022 @9:17 AM
‘Learn lessons from Australia’: consumer groups warn UK against buy now, pay later self regulation
UK government told voluntary industry code ‘woefully inadequate’ at protecting consumers in Australia
Ben Butler
18, Jan, 2022 @4:30 PM
Buy now, pay later customers unaware of debt risks, warns Which?
Consumer body calls for safeguards such as affordability checks in advance of FCA regulation
Rupert Jones
06, Jan, 2022 @12:01 AM
Consultation launched on regulating UK’s buy now, pay later credit industry
Government view that ‘limited evidence’ of consumer harm could mean laws will not be tough enough, campaigners fear
Rupert Jones
21, Oct, 2021 @3:45 PM
The surge in ‘buy now pay later’ – and why we should be worried
Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Retailers love it of course, but all this unregulated lending is ringing alarm bells
Rupert Jones and Kalyeena Makortoff
18, Sep, 2021 @3:00 PM
Sadly, trade minister is right to say UK firms do better in foreign hands | Phillip Inman
The government should do more to strengthen British businesses to stop them from being snapped up
Phillip Inman
25, Aug, 2021 @6:34 PM
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