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At last some control on this unacceptable face of business ................
Courtesy Independent...............
Payday lending advertising faces ban under hard-hitting new rules
Payday lending advertising could be banned under hard-hitting new rules being considered
by the City Watchdog.
This morning leading payday firms including Wonga, Dollar Financial and The Cash Shop,
were summoned to Westminster to explain to Ministers why the high-cost credit industry is
failing to meet minimum regulatory requirements.
At the summit - which also included debt charities and consumer organisations - Ministers were
told of far-reaching proposals that could ban daytime adverts on television that target the
unwaged and vulnerable people.
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