MP crackdown on payday loans

Updated

Andrew Parsons/PA

We are supposed to look forward to comfort and joy, yet many families face the threat of 'legal loan sharks' this Christmas as the financial pressure of festivities take toll.

Several payday loan providers, including Toothfairy Finance and Wonga.com, are under fire from MPs who are calling for much-needed regulation in this unscrupulous industry.

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