Payday lenders are to be investigated by the Competition Commission over irresponsible lending.
The investigation into payday loan companies is long overdue, according to Christian advisors. The Office of Fair Trading fears 'irresponsible lending' is putting customers at risk. It's instructed the Competition Commission to investigate the industry. Arwyn Bailey is from the Association of Christian Financial Advisors.
He told Premier's News Hour companies should be lending more ethically.
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