Payday lenders forced to reduce borrowing costs

ODN 2014-07-15

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Martin Wheatley, chief executive of the Financial Conduct Authority, hopes capping payday lending will help stop vulnerable people getting into financial difficulty. Russell Hamblin-Boone from the Consumer Finance Association says it stop people getting loans. Report by Aldredg. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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