It’s time to regulate the payday loan industry
It’s time to stop the excess profits on the backs of ordinary working people and it’s time to cap the interest payday lenders can charge.
That’s why Unite backed Paul Blomfield’s bill to curb legal loan sharks. Sadly the bill did not make it all the way through parliament before the end of the session, but Unite is still calling on MPs to work towards regulating the industry.
Please email your MP - use the quick link below and add some text - ask them to help end the scandal of sky high interest rates and what they will do to end the scourge of payday lenders and bad practices.
It’s time for a cap on credit - end bad practices by payday lenders
Pay day loans - the urgent case for reform question and answer briefing. Download the document here.
More details on the High Cost Credit bill and its progress through parliament.