{"id":89592,"date":"2018-05-27T13:00:18","date_gmt":"2018-05-27T06:00:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/doorstep-lending-crackdown-to-save-vulnerable-from-debt\/"},"modified":"2018-05-27T14:03:28","modified_gmt":"2018-05-27T07:03:28","slug":"doorstep-lending-crackdown-to-save-vulnerable-from-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/doorstep-lending-crackdown-to-save-vulnerable-from-debt\/","title":{"rendered":"Doorstep lending crackdown to save vulnerable from debt"},"content":{"rendered":"


\nFinancial Conduct Authority to take action after schemes continue to flourish despite cap on payday loansMeasures to clamp down on doorstep lending and rent-to-own schemes are expected to be unveiled this week following concerns that they are fuelling problem debt.The action comes after warnings that vulnerable people are at risk from the schemes, which have continued to flourish after a cap was placed on payday loans, popularised by lenders such as Wonga. The cap significantly reduced the cost to borrowers, but campaigners and regulators worry that people on low incomes are drawn into unsustainable debt by other types of lending. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Doorstep lending crackdown to save vulnerable from debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Financial Conduct Authority to take action after schemes continue to flourish despite cap on payday...<\/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-89592","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-nj2","jetpack-related-posts":[{"id":86978,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rip-off-debts-soar-as-rent-to-own-catalogue-credit-and-doorstep-lending-surge-after-payday-loan-crackdown\/","url_meta":{"origin":89592,"position":0},"title":"Rip-off debts soar as rent-to-own, catalogue credit and doorstep lending surge after payday loan crackdown","date":"May 2, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Rip-off debts soar as rent-to-own, catalogue credit and doorstep lending surge after payday loan crackdown","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":89592,"position":1},"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":49722,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumer-advocates-call-for-crackdown-on-irresponsible-payday-lending\/","url_meta":{"origin":89592,"position":2},"title":"Consumer advocates call for crackdown on irresponsible payday lending","date":"March 27, 2017","format":false,"excerpt":"\r Choice and other consumer advocates want stronger counselling services, no-interest loan schemes and better regulationConsumer advocates have urged the government to stamp out irresponsible payday lending by strengthening financial counselling services, funding no-interest loan schemes and urgently acting on a promise to better regulate the sector.An alliance of consumer\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cap-rent-to-own-lending-like-payday-loans-mps-told\/","url_meta":{"origin":89592,"position":3},"title":"Cap rent-to-own lending like payday loans, MPs told","date":"March 1, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Cap rent-to-own lending like payday loans, MPs told","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83811,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stella-creasy-to-call-for-crackdown-on-high-cost-credit-cards\/","url_meta":{"origin":89592,"position":4},"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 "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34100,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/25-texts-and-emails-a-day-how-payday-loan-firms-hound-vulnerable-borrowers\/","url_meta":{"origin":89592,"position":5},"title":"25 texts and emails a day: how payday loan firms hound vulnerable borrowers","date":"November 12, 2016","format":false,"excerpt":"\r Despite tougher regulation, the industry continues to act irresponsibly by lending to people in financial difficulty. We spoke to one targetAlex Jones* has to switch his phone off at work so the constant text messages do not distract him. He gets around 20-25 a day from payday lenders and\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\/89592"}],"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=89592"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/89592\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=89592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=89592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=89592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}