Pressure groups and MPs warn that payday lenders are spreading ‘like Japanese knotweed’, asking an Office of Fair Trading investigation to seek ways to tame the industry. The watchdog’s intervention follows a 15-month campaign by Financial Mail to force an urgent review of the market as more Britons sink into debt. The OFT said it feared that firms, which offer APR rates of more than 4,000 per cent, ‘may be taking advantage of people in financial difficulty’....Read more here--: http://www.thisismoney.co.uk/money/n...oan-firms.html