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McAteer Welcomes New Cap On Payday Loan Charges

Kevin McAteer, SDLP Cllr for Newry, Mounre & Down District Council, has welcomed the introduction of a cap on charges associated with payday loans which came into effect in the New Year. He said: “Pay Day Loan companies continue to take advantage of the poor and the most vulnerable. They exploit…

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Alliance Welcomes OFT Warning to Payday Lenders

SOUTH Down Alliance Party spokesperson Councillor Patrick Clarke has said the recent warning from the Office of Fair Trading (OFT) to over 50 of the biggest payday lenders to clean up their industry in 12 weeks or face being shut down is long overdue. Councillor Clarke believes the warning from the…

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