{"id":66762,"date":"2015-01-02T14:00:04","date_gmt":"2015-01-02T07:00:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-loan-caps-come-into-force\/"},"modified":"2017-09-19T02:49:48","modified_gmt":"2017-09-18T19:49:48","slug":"payday-loan-caps-come-into-force","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-loan-caps-come-into-force\/","title":{"rendered":"Payday loan caps come into force"},"content":{"rendered":"<p>&#013;<br \/>\nNew 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 many of the sector\u2019s bigger players will be charging the maximum amount allowed to under the new regime, rather taking the opportunity to set their fees below the cap. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/money\/2015\/jan\/02\/payday-loans-caps-fca\" target=\"_blank\">Payday loan caps come into force<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; New regulations introduced by the FCA mean loans will now be capped at 0.8% a&#46;&#46;&#46;<\/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-66762","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-hmO","jetpack-related-posts":[{"id":83811,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stella-creasy-to-call-for-crackdown-on-high-cost-credit-cards\/","url_meta":{"origin":66762,"position":0},"title":"Stella Creasy to call for crackdown on high-cost credit cards","date":"March 27, 2018","format":false,"excerpt":"\r Labour MP who championed payday loan fee caps in new push to help tackle problem debtThe Labour MP who championed a crackdown on payday lenders is taking aim at high-cost credit cards, calling for a cap on fees and interest charges to protect vulnerable customers.Stella Creasy, credited with forcing\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/legalized-loan-sharking-payday-loan-customers-recount-their-experiences\/","url_meta":{"origin":66762,"position":1},"title":"&#039;Legalized loan sharking&#039;: payday loan customers recount their experiences","date":"January 22, 2018","format":false,"excerpt":"\r The Consumer Financial Protection Bureau has ordered a review of rules on short-term loans. Three customers say companies lured them into a trapMick Mulvaney, White House budget director and interim director of the Consumer Financial Protection Bureau, recently announced a review of rules on payday loans. Payday loan companies\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13020,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-cheers-for-googles-ban-on-payday-loan-ads\/","url_meta":{"origin":66762,"position":2},"title":"Two cheers for Google\u2019s ban on payday loan ads","date":"May 14, 2016","format":false,"excerpt":"\r The search engine\u2019s ban on payday firms charging more than 36% APR is a start, but it needs to do more for the full three cheersSuccessive British governments refused to cap super-high interest rates, which is how we allowed Wonga to charge its poor borrowers up to 5,853%. Then\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dangerous-payday-loans-join-guns-and-drugs-on-googles-banned-ad-list\/","url_meta":{"origin":66762,"position":3},"title":"&#039;Dangerous&#039; payday loans join guns and drugs on Google&#039;s banned ad list","date":"May 12, 2016","format":false,"excerpt":"\r $46bn industry banned from advertising on most visited site in the worldLenders use extremely high interest rates and target vulnerable peopleGoogle announced a ban on search ads from payday lenders on Wednesday, classifying them in their \u201cdangerous products\u201d category with guns, tobacco and explosives. Banning ads from payday lenders\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-loan-complaints-to-financial-ombudsman-nearly-triple-in-a-year\/","url_meta":{"origin":66762,"position":4},"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 &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/unplanned-overdraft-fees-four-times-costlier-than-payday-loans\/","url_meta":{"origin":66762,"position":5},"title":"Unplanned overdraft fees &#039;four times costlier than payday loans&#039;","date":"July 9, 2016","format":false,"excerpt":"\r Which? calls for a cap on \u2018punitive\u2019 charges after research shows bank rates harming vulnerable customers Going overdrawn on a current account without permission can now be up to four times more costly than taking out a payday loan, according to new research from consumer body Which? Continue reading...\r\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66762"}],"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=66762"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66762\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=66762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=66762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=66762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}