The government is expected to announce stricter rules for high cost, short-term lenders. After a year-long investigation by the Office of Fair Trading (OFT), it is thought lenders will face advertising curbs and be under closer supervision. The government wants to limit the number of adverts shown per hour on TV and ensure the terms and conditions are displayed more prominently. Many payday lenders' adverts feature heavily on television and the internet. The loans are supposed to be of hundreds of pounds for a few weeks, but interest rates can amount to thousands of per cent on a yearly basis....Read more here