article_snippet.sent: Hundreds of payday lenders will be wiped out by tougher rules designed to protect customers, experts have predicted.
article_snippet.sent: Hundreds of payday lenders, such as Wonga, will be wiped out by tougher rules designed to protect customers, experts have predicted .
article_snippet.sent: The City watchdog has forecast that just three or four payday lenders out of 400 will be left standing following the introduction of the rules in January.
article_snippet.sent: just three or four payday lenders out of 400 will be left standing following the introduction of the rules in January include a daily interest cap of 0.8 per cent and stricter affordability checks to ensure customers can repay loans.
article_snippet.sent: Payday lenders have all had to apply for a license to trade and will learn in the coming months whether Payday lenders have been successful.
article_snippet.sent: The City watchdog has forecast that just three or four payday lenders out of 400 will be left standing following the introduction of the rules in January (file picture)
highlights_snippet.sent: Hundreds of payday lenders will be wiped out by tougher rules, say experts .
  
highlights_snippet.sent: City watchdog says just three or four lenders out of 400 will remain .