Policing of payday lenders is timid, say MPs

Unscrupulous behaviour by the "shabby end" of the UK consumer credit market cost consumers at least £450m a year, the Public Accounts Committee said. It criticised the Office of Fair Trading (OFT) for failing to act quickly to stop lenders targeting vulnerable people. via Pocket http://www.bbc.co.uk/news/business-22687648#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa