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:
Police appeal after Manx stone wall damaged
Police in the north of the Island are appealing for information after a car hit a stone wall.
MHK wants to see all private healthcare reports
An MHK has asked the Health and Social Care Minister to publish reports on the hospital’s private patient wing and services.
Let’s make Hop Tu Naa a boo-tiful night for all, say police
Police are reminding parents to know what their children are up to this Hop Tu Naa.
Hose under the hammer, your chance to drive home a real fire engine!
Fancy driving home a fire engine this weekend?
Event to celebrate women in farming
The Department for Environment, Food and Agriculture is inviting people to an event celebrating women in farming.
Engineers confirm source of gas smell in Ramsey
Reports of a gas smell in Ramsey yesterday prompted engineers to carry out emergency works.
MHK questions if Island phones will get national warning alert
Will Island residents receive a test national warning alarm on their phones?
Trainee officers take on 40 mile kayak mission
Student constables will tackle a 40-mile kayak challenge this weekend for charity.
