County council to restrict payday loan sites

By Wednesday 22 January 2014 Updated: 23/01 10:07

ACCESS to payday loan websites are to be restricted on library computers.

Firms offering small loans for short periods have come in for heavily criticism for their often extortionately high APR interest rates.

Although completely legal they are under major scrutiny from the Office of Fair Trading, and the government recently announced it was to introduce a new law to cap the cost of payday loans.

And Warwickshire County Council is set to approve a move on Tuesday that will see a warning page offering alternative financial advice flash up before allowing people to go onto such sites.

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