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:
Airport could see problems tomorrow
Passengers are being advised to turn up for flights as planned tomorrow as weather could cause more difficulties.
Schools closure decision expected tomorrow
The government says it'll make a decision about closing schools because of the weather tomorrow.
DOI warns over hazardous road conditions
The Department of Infrastructure is asking people to reconsider driving this evening as road conditions worsen.
Weather closes Mountain Road again
The Mountain Road has closed again after reopening yesterday.
Amber weather warning for ice
Ronaldsway Met Office has upgraded a weather warning about ice to amber.
Empire Garage company applies for dissolution
A company behind a well-known garage in the west of the Island has applied to be dissolved.
Yellow weather warning remains in place
A yellow weather warning for snow and ice remains in place today.
Women's worldwide motorbike relay event this month
An event in Douglas later this month is hoping to connect women bikers as part of a worldwide event.
