The government is to introduce a new law to cap the growth of evidence supporting a cap on the cost of payday loans.
The Treasury says there is “growing evidence” that “growing evidence in support of the move” might adversely affect the reputations and profits of payday loan companies.
Speaking to the BBC, Chancellor George Osborne said there would be controls on the amount of research into payday loan charges, including arrangement and penalty fees and interest rates.
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