The Office of Fair Trading says it will follow a new UK law capping the interest on payday loans.
Legislation is being introduced by the UK Government to hold payday lenders to account - with controls on charges including arrangement and penalty fees.
The OFT says that whilst payday lenders have a role to play in providing short-term credit, it’s vital that consumers have options beyond legal and illegal loan sharks.
Chief officer Mike Ball says a lot of locals use the UK providers:
Commissioners vote against selling cherished number plate
Onchan Commissioners have voted against selling a personalised registration number from a 70 year old tractor it has in storage.
Armed police detain man
The police say armed officers dealt with a 'contained' incident in Ramsey this afternoon.
Independent inspection of Manx Care may start next year
The Department of Health and Social Care says Manx Care's next independent inspection will start next year at the earliest.
Part of TT course to close for a week
A section of the TT course is due to close during the day for a week.
New emergency preparedness event after first's success
Another free event to help you prep for worst case scenarios is to be held this month.
Still time for seasonal flu jabs, says Manx Care
Manx Care says there's still time to get your winter flu vaccines.
Firefighters tackle three incidents in one afternoon
Fire crews dealt with three incidents across the Island yesterday afternoon, including a fire in a mobile school classroom.
List of buses running during today's strike action
Bus Vannin is once again operating a contingency timetable as the latest strike action continues until Tuesday.
