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:
Commissioner wants your ideas to improve playground
A Ramsey commissioner's asking the public for ideas on how a children's playground could be improved.
Government says it doesn't know how many people move here for the TT
The government says it doesn't know how many people moved to the Island because of their love for the TT.
Social media flooded with complaints about public toilets
People have taken to social media to complain about the state of the public toilets at Peel's breakwater.
Air ambulance charity makes desperate appeal for another helicopter
An air ambulance charity which serves the Island is launching an urgent appeal to raise money for another helicopter.
Fire crews spent hours dealing with serious floods earlier
Fire crews spent about six hours dealing with floods around the Island this morning, Tuesday November 4.
Yellow weather warning to run until Thursday
The Met Office's yellow weather warning has been extended to cover the next three high tides.
Focusing on crash blackspots is outdated, says minister
Infrastructure Minister Michelle Haywood says concentrating work on specific accident blackspots is outdated, and was abandoned by the Isle of Man and the UK around 20 years ago.
Minister hopes to improve bus wheelchair and scooter access
The Island's infrastructure minister says she's hoping to improve bus access for people in wheelchairs or mobility scooters.
