Payday lenders face major probe

Coins
Coins

Payday lenders have been referred for a full-blown investigation by the Competition Commission after the trading watchdog uncovered "deep-rooted" problems with the industry.

The Office of Fair Trading (OFT) said it decided to make the referral because it continues to suspect that features of the market "prevent, restrict or distort competition".
%VIRTUAL-SkimlinksPromo%

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting