{"id":45808,"date":"2017-02-28T13:01:20","date_gmt":"2017-02-28T06:01:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-loans-complaints-rise-22-despite-fca-clampdown\/"},"modified":"2017-02-28T13:17:10","modified_gmt":"2017-02-28T06:17:10","slug":"payday-loans-complaints-rise-22-despite-fca-clampdown","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-loans-complaints-rise-22-despite-fca-clampdown\/","title":{"rendered":"Payday loans complaints rise 22% despite FCA clampdown"},"content":{"rendered":"


\nOmbudsman says it is now receiving about 200 such complaints a week, but PPI remains the worst offenderComplaints to the financial ombudsman about payday loans have risen to almost 200 a week \u2013 and not all of those experiencing problems necessarily fit the image of low-income borrowers relying on short-term loans to get by.During the second half of 2016 the Financial Ombudsman Service received 5,095 new payday lending complaints, up 22% on the first six months of the year. This increase came despite tougher regulation of the controversial sector. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Payday loans complaints rise 22% despite FCA clampdown<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ombudsman says it is now receiving about 200 such complaints a week, but PPI remains...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-45808","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bUQ","jetpack-related-posts":[{"id":14446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-loan-complaints-to-financial-ombudsman-nearly-triple-in-a-year\/","url_meta":{"origin":45808,"position":0},"title":"Payday loan complaints to financial ombudsman nearly triple in a year","date":"May 26, 2016","format":false,"excerpt":"\r PPI remains most complained-about financial product and more consumers are unhappy about fee-charging bank accounts, review findsComplaints to the financial ombudsman about payday loans have almost tripled in a year, despite tougher regulation of the controversial sector, figures show. Continue reading...\r \r Source : theguardian.com\r Read more...Payday loan complaints\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89852,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/complaints-about-high-cost-credit-climb-to-record-level\/","url_meta":{"origin":45808,"position":1},"title":"Complaints about high-cost credit climb to record level","date":"May 29, 2018","format":false,"excerpt":"\r Complaints to ombudsman rise by 40%, with more than half relating to payday loansComplaints about high-cost credit have soared to a record level, raising concerns about how lenders treat vulnerable consumers. In 2017-18, the number of complaints about consumer credit rose by 40% to just over 36,300, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27429,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rent-to-own-debts-rise-as-citizens-advice-warns-on-new-types-of-loans\/","url_meta":{"origin":45808,"position":2},"title":"Rent-to-own debts rise as Citizens Advice warns on new types of loans","date":"September 27, 2016","format":false,"excerpt":"\r Charity warns more people are struggling with high rates and fees on new type of loans and calls for better regulationThe number of people struggling with debts to rent-to-own firms and on guarantor loans rose by 16% in the second quarter, as borrowers no longer able to get payday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/short-term-loan-history-from-workhouse-to-wonga-shows-things-are-getting-worse-letters\/","url_meta":{"origin":45808,"position":3},"title":"Short-term loan history, from workhouse to Wonga, shows things are getting worse | Letters","date":"September 8, 2016","format":false,"excerpt":"\r In 1797 Patrick Colquhoun was worried about pawnbrokers. Colquhoun, a Glaswegian merchant and magistrate, had co-founded a soup kitchen in London that aimed to \u201calleviate distress\u201d among working families. Colquhoun believed that the provision of nutritious and healthy soups would not simply assuage immediate hunger. He hoped it would\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-urged-to-extend-cap-on-payday-loan-fees-to-other-forms-of-credit\/","url_meta":{"origin":45808,"position":4},"title":"FCA urged to extend cap on payday loan fees to other forms of credit","date":"May 27, 2018","format":false,"excerpt":"\r Debt charities and MPs want action when City watchdog\u2019s 18-month review is publishedThe City watchdog is facing mounting pressure to extend its cap on payday lending fees and interest to a broader range of high-cost financial products before a major review of lending practices this week. Debt charities and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-loan-caps-come-into-force\/","url_meta":{"origin":45808,"position":5},"title":"Payday loan caps come into force","date":"January 2, 2015","format":false,"excerpt":"\r New regulations introduced by the FCA mean loans will now be capped at 0.8% a day, as over 1 million borrowers benefitWell over a million people will see the cost of their borrowing fall now that new price caps on payday loans have taken effect.However, early indications are that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45808"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=45808"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45808\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=45808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=45808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=45808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}