Expensive lending

Consumer Council and NICVA welcome the Financial Conduct Authority’s price cap on payday loans

11 Nov 2014Policy, Centre for Economic EmpowermentExpensive lending

The Consumer Council and NICVA have welcomed the Financial Conduct Authority’s (FCA) announcement on price cap measures to be introduced on payday loans from 2nd January 2015.

Consumer Council and NICVA welcome the FCA’s proposals to cap fees on payday loans

17 Jul 2014Centre for Economic EmpowermentExpensive lending

The Consumer Council and NICVA have welcomed the proposals from the Financial Conduct Authority (FCA) to cap the fees on payday loans.

Consumer Council and NICVA welcome provisional findings of the CMA payday lending market investigation

12 Jun 2014Shauna O'Neill Centre for Economic EmpowermentExpensive lending, Economy

The Consumer Council and NICVA have welcomed the release of the provisional findings of the Competition and Market Authority’s (CMA) payday lending market investigation.

Payday Poverty

3 Jul 2013Eoin Rooney Centre for Economic EmpowermentExpensive lending

Since the economic downturn began in 2007 there has been a significant growth in ‘payday’ lending – short-term loans with exorbitant rates of interest (APRs are typically around 1,750%).

Executive must do more to tackle the epidemic of payday and illegal lending

21 May 2013Eoin Rooney Centre for Economic EmpowermentExpensive lending

The Executive must do more to tackle the damaging and dangerous levels of payday and illegal lending in Northern Ireland, according to a report produced by NICVA and Advice NI.

Expensive Lending in Northern Ireland

21 May 2013Eoin Rooney Centre for Economic Empowerment, PolicyExpensive lending, Economy

This report highlights some key concerns in relation to payday lending and loan sharks in Northern Ireland.