Payday loan businesses, monetary regulators and you will obligations causes attended the brand new ending up in brand new government’s individual minister, Jo Swinson

Pay-day lenders render quick-title borrowing from the bank at a leading interest rate, and allege he is filling up a gap in the market for users who’re unable to see dollars rapidly regarding popular banking companies

Individual minister Jo Swinson co-ordinated a meeting out of payday loan providers and globe bodies, and told you you will find a good ‘recognition you to definitely actions needed to change’. (meer…)