Four More UK Payday Lenders Shut Down

What's Next In Payments®
2:01 PM EST August 15th, 2013

UK Payday Lenders are dropping like flies, as The Telegraph reported another four firms have exited the market. To date, a total of 19 payday companies have left the market as a result of the Office of Fair Trade’s crackdown. The OFT has not yet publicly updated the list that informs the public about the names of the firms.

The Commission announced that the investigation is still in its initial stages, and no conclusions about the payday lending market case have been made. Provisional findings along with a full report are expected to be released by the end of 2014.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
News
Discover Sues Visa, Alleging Illegal Anti-Competitive Tactics
B2B Payments
New B2B Gift Card Guide
B2B Payments
U.S. Bank Voyager Network Adds 35 Locations In Florida
Merchant Innovation
The Latest Amazon Accessory: A Human Installer
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
News
Discover Sues Visa, Alleging Illegal Anti-Competitive Tactics
Payment Methods
Text Of Discover Visa Lawsuit
B2B Payments
The Soaring Cost Of Non-Compliance
Controversial
Pew Report Critical of Mobile Remote Deposit Capture
View All Articles ››