Four More UK Payday Lenders Shut Down

What's Next In Payments®
2:01 PM EDT 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.

Also by This Author
What's Hot
Square Launches Register App Platform
Etsy Debuts mPOS Solution
Merchant Innovation
Ron Johnson’s New Company To Focus On Shopper Decisions
B2B Payments
WEX and Sinclair Oil Strike Long Term Contract
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Merchant Innovation
Apple Pay Launch Week By The Numbers: 46B, 58M and 1
B2B Payments
Tungsten Spent $6.5 Million for DocuSphere
Company Spotlight
Inside the Future of Commerce, Post Apple Pay
Alternative Financial Services
Death Threats, Fraudsters and Lawsuits
View All Articles ››