Tough new rules on payday lenders...

The video discusses the challenges faced by individuals trapped in payday lending cycles, highlighting the high interest rates and lack of eligibility for traditional bank loans. It introduces upcoming regulatory changes by the Financial Conduct Authority aimed at protecting borrowers, including banning misleading adverts and limiting loan rollovers. The video emphasizes the importance of these regulations in strengthening consumer rights and promoting responsible lending practices.

What was the outcome of the Office of Fair Trading's report on payday lending practices?

In what ways are the new rules expected to strengthen consumer rights?