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:
Rally action to get underway this week
There'll be motorsport action around the Island this week, with the Manx National Rally.
Chief Minister meets with Jewish Council
The Chief Minister has met with representatives of the Commonwealth Jewish Council during a visit to the Island.
Manx Care's TT plans will be be ready soon
Health Minister Claire Christian says Manx Care hopes to finalise its plans for TT shortly.
Roadworks around Southern race circuit for two weeks
Roadworks are taking place around the Billown circuit from today, Tuesday, May 5, in preparation for the Southern 100 races in July.
Absolutely quackers! Highways workers rescue ducklings
Workers from the Department of Infrastructure leapt into action to rescue some ducklings today.
Nurse pay offer vote result released soon, says union
A nursing union says it'll reveal if its members will back a new Manx Care pay deal in the coming days.
First callout for Port St Mary lifeboat coxswain
Port St Mary's lifeboat coxswain was called into action for the first time at the weekend.
Gas main work shuts Port St Mary roads
Two roads in Port St Mary will be closed at different times for more than a month from this week.
