Costs of payday loans to be capped

Press Association
Costs of payday loans to be capped
Costs of payday loans to be capped

Payday loans costs will be capped under plans being announced by Chancellor George Osborne today.

New financial regulator the Financial Conduct Authority will set the level of the cap, which will cover fees charged on the loans as well as interest.
%VIRTUAL-SkimlinksPromo%