A ban on payday lenders advertising in public spaces in Leeds is to be examined by the City Council. Birmingham City Council is thought to be considering similar plans. It has also teamed up with 8 other local authorities such as Liverpool, Newcastle, Sheffield, Leeds, Tower Hamlets and Islington, to draw up proposals for a bylaw to stem companies which charge annual interest rates of up to 5,000% on short-term loans.
1) When will the Mayor stop accepting pay day loan adverts on GLA property and businesses such as TFL buses?
2) Do you have a strategy to work with Borough Councils in London towards introducing initiatives against proliferation of Payday Loan companies locally and provide support and advice to those who have succumbed to the horrific short-term loans?