Payday loan regulators show 'wimpish' behaviour, says Hodge video

The chair of the public accounts committee says those who regulate payday loans comapanies have not done enough to ensure fairness in the market. MP Margaret Hodge says the Office of Fair Trading does not conduct enough checks on loans companies who lend to those in financial difficulty. Hodge speaks after her committee published a report which accuses the OFT of lacking basic information and malpractice which has cost at least £450m a year Continue reading...