Climate change driving demand for predatory loans, research shows
Study connects heatwaves and cold snaps to surges in payday lending, keeping people in debt and harming communities of color
February 2024
UK’s credit unions face uncertain future amid cost of living crisis
The small cooperatives have found themselves at a crossroads, with concerns over governance and consolidation threats
October 2023
‘We had no money’: desperate UK public increasingly turning to pawnbrokers to make ends meet
Rightwing activist helps fund ‘predatory payday lenders’ in supreme court case
July 2023
Millions of UK families using credit cards and loans to pay basic bills
Poverty charity the Joseph Rowntree Foundation warns of ‘debt timebomb’ as interest rate rises hit low-income households
June 2023
‘It left me with nothing’: the debt trap of payday loans
Some payday loans have interest rates as high as 664% – but now Minnesota will cap them at 36%, in line with some other states
October 2022
‘Traumatising’: how rogue digital loan apps in Kenya intimidate borrowers
Kenyans unable to access bank loans are being harassed and ‘debt-shamed’ by unlicensed online lenders if they default
August 2022
Where will struggling households turn to after UK clampdown on payday lenders?
Market once dominated by Wonga has halved but some industry figures say there could be role for more tightly regulated sector
July 2022
More UK households are turning to high-cost lenders, says charity
Warning comes as Amigo plans lending comeback offering loan with annual interest rate of 49.9%
June 2022
UK banks must be more flexible to help struggling borrowers, says City watchdog
FCA calls for payment holidays and waiving interest charges for customers hit hardest by cost of living crisis
March 2022
Google profiting from ‘predatory’ loan adverts promising instant cash
‘Their weapon is your shame’: toxic abuse from Nigeria’s loan sharks
January 2022
‘Learn lessons from Australia’: consumer groups warn UK against buy now, pay later self regulation
Buy now, pay later customers unaware of debt risks, warns Which?
October 2021
Consultation launched on regulating UK’s buy now, pay later credit industry
Government view that ‘limited evidence’ of consumer harm could mean laws will not be tough enough, campaigners fear
September 2021
The surge in ‘buy now pay later’ – and why we should be worried
Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Retailers love it of course, but all this unregulated lending is ringing alarm bells
August 2021
Viewpoint column
Sadly, trade minister is right to say UK firms do better in foreign hands
Phillip Inman
Nils Pratley on finance
‘Taper tantrum’ by stock markets points to gaps in the easy recovery story
Nils Pratley
June 2021
Amigo faces insolvency after UK court rejects compensation cap
Shares in the sub-prime lender slide on Tuesday after it confirms it will not appeal against verdict
May 2021
Amigo shares plummet 34% amid fears over compensation case
Investors concerned sub-prime lender could collapse if a UK court rejects cap on customer payouts
