Pay day loans complaints rise 22% despite FCA clampdown

Pay day loans complaints rise 22% despite FCA clampdown

Ombudsman claims it really is now getting about 200 such complaints per week, but PPI continues to be the worst offender

The Financial Conduct Authority started policing payday loan providers in April 2014, but complaints remain increasing. Photograph: John Giles/PA

The Financial Conduct Authority started policing payday loan providers in April 2014, but complaints will always be increasing. Photograph: John Giles/PA

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