Britain's Competition and Markets Authority (CMA) revoked its 2015 payday lending order on Nov. 4, 2026, ending disclosure requirements that had applied to online and high-street payday lenders.
The CMA said it had completed its review and published its final decision. It also removed the measure from its register of remedies in force.
Online payday lenders had to publish product details on at least one FCA-authorized price comparison website by May 26, 2017. Online and high-street payday lenders also had to give existing customers a summary of borrowing costs.
The CMA issued the order under market investigation powers in the Enterprise Act 2002. Its inquiry found that limited price competition among payday lenders contributed to higher costs for borrowers, and the order was one part of a wider response to those findings.
The CMA added a borrowing-summary template in 2021. The authority said a consistent presentation could make loan information easier for customers to understand.