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dipsydoodle

(42,239 posts) Wed Nov 28, 2012, 05:03 PM Nov 2012

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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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

thelordofhell

(4,569 posts)

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

Reply to dipsydoodle (Original post)

Wed Nov 28, 2012, 05:07 PM

Nov 2012

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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