Payday loan rates powers

The Government will give a new regulator the power to cap the interest rates charged by payday lenders, Treasury minister Lord Sassoon said.

Loading Comments
Share
Print

His announcement came after shadow business minister Lord Mitchell said some payday lenders were charging annual interest rates of 4000%.

Business

Commenting & Moderation

We moderate all comments on Evening Times on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

108596

Have you got a story?

Contact the news desk on 0141 302 6520 or email news@eveningtimes.co.uk
Games news:

Putting the world to rights

Gail's Gab

Water shortages and the UK's grotesque wage gap

Times Out

Entertainment

Lifestyle

TV Advert
Janice Bell

Janice Bell

You couldn’t make up half the stuff that happens to PA Janice Bell- some of the jams she gets herself into are worth a story or two.

A weekly round up of social highlights

A weekly round up of social highlights

Cat's Eyes on Glasgow

Charlie Flynn packs a punch with his words and I am spinning around to Kylie

Michelle McManus

Michelle McManus

Columnist Michelle McManus is Sussed in the City, and loves to chat about anything and everything.