A report by the Debt Management, Business, Innovation and Skills Committee of the House of Commons criticises the payday loans industry and calls for a number of reforms:

• The government must act to limit the rolling over of payday loans and the switching between payday loans and the subsequent rolling over of loans.
• The government should ensure payday providers record all of their transactions on a database.
• The government must make clear that unless payday loan companies demonstrate a commitment to moving away from the continuous payment authority as the method for receiving payments, the new regulator will be asked to address this as a priority.