The Competition Commission (CC) has confirmed that it has started its own investigation into the payday lending industry after the market was referred to it earlier this year. The CC has said it will be looking to see whether there are any features of the market which “prevent, restrict or distort” competition and, if so, what action can be taken. In an issues statement on its website, which identifies the main areas to be examined by the inquiry, the CC anticipates that its findings “will inform wider debate” on the payday loans sector......Read more here