Proposed levy coincides with government withdrawal of funding for service which has prosecuted more than 300 illegal money lenders since 2004Payday loan firms and credit card companies could be charged a fee to fund the work of teams cracking down on loan sharks,the chancellor has announced.
From April 2017 the work of the Illegal Money Lending Teams in England and Wales will be funded by a levy on companies offering consumers credit, replacing the funding they currently receive from the government. Continue reading...
Source: theguardian.com