Wed Nov 28, 2012, 04:03 PM

Payday loan rates 'to be limited'

The government is to change the law to allow restrictions to be imposed on the interest rates charged for so-called "payday loans".

Ministers are to amend the Financial Services Bill to give the planned Financial Conduct Authority the power to limit charges.

The news follows concerns over annual interest rates of up to 4,000%.

http://www.bbc.co.uk/news/uk-politics-20531126

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1 replies	Author	Time	Post
Payday loan rates 'to be limited' (Original post)	dipsydoodle	Nov 2012	OP
My home state got rid of most of these vultures a couple of years ago	thelordofhell	Nov 2012	#1

Response to dipsydoodle (Original post)

Wed Nov 28, 2012, 04:07 PM

thelordofhell (3,809 posts)

1. My home state got rid of most of these vultures a couple of years ago

Thanks in a large part, to Terry Goddard

http://money.cnn.com/2010/07/13/news/companies/payday_arizona/index.htm

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