pay day loans. Financial Conduct Authority

Council welcomes tougher payday loan measures

Plymouth City Council has welcomed the announcement from the Financial Conduct Authority (FCA) that it will introduce tougher regulations for payday loan companies when it takes over from the Office of Fair Trading (OFT) next April.

This follows the Council's action to ban payday loan advertising on hoardings in the city centre and to block website access across its computer network...