article_snippet.sent: Supervision of the whole payday lending industry passes from The OFT to the FCA.
article_snippet.sent: the FCA the FCA immediately starts putting tough new rules into action, including forcing payday firms to provide financial health warnings in emails, online and in texts and signpost people to free debt help.
article_snippet.sent: The payday industry comes under more new rules overseen by the FCA.
article_snippet.sent: January 2015: the FCA's new cap on interest rates comes into force.
article_snippet.sent: The FCA's new cap on interest rates is predicted to squeeze up to 99 per cent of lenders out of the market.