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The order imposes new obligations on online and high street payday lenders.
Payday lending reports to help inform government and regulators on consumer credit regulations transfer to the Financial Conduct Authority.
The CMA investigated the payday lending market and has published its final order.
Following CMA action, payday lender Shelby Finance has written off loans and apologised to customers after not providing them with important information.
Letter to Shelby Finance Limited about its non-compliance with Part 4 of the Payday Lending Market Investigation Order 2015, relating to the provision of summary of borrowing statements.
A lack of price competition means that payday loan customers may be paying too much for their loans, according to provisional findings from the Competition and Markets Authority (CMA).
The CMA has published its final order on the payday lending market to increase price competition between payday lenders and help borrowers.
Letter to Auden Group Ltd about its non-compliance with Part 4 of the Payday Lending Market Investigation Order 2015, relating to the provision of summary of borrowing statements.
Research on the likely impact of a variable cap on the total cost of high cost credit.
The CMA has published its final report on the payday lending market, including its decisions on measures to increase price competition between payday lenders and to help borrowers get a better deal.
Find guidance on making employees' student loan and postgraduate loan deductions in different circumstances.
The CMA has set out proposals to increase price competition between payday lenders and help borrowers get a better deal.
Guidance for individuals investing in peer to peer loans, reporting interest and claiming losses from loans that default.
Find out about our Direct Lending Facility: its benefits, eligibility criteria and how to apply.
Summaries of the CMA’s recommendations to government, industry, regulators and others relating to markets work.
To offer credit to consumers you must be authorised by the Financial Conduct Authority (FCA) and join the Financial Services Register
The CMA is consulting on amendments to two of the proposed remedies in its payday lending investigation.
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