MSE News: Payday lenders must be on comparison sites from next year

A question about : MSE News: Payday lenders must be on comparison sites from next year

Online payday lenders will be forced to publish details of their products on at least one price comparison website ...

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Payday lenders must be on comparison sites from next year

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• "LoansForMugs.con" or "4figureAPR.con"
• Oh great, this will give them an air of responsibility... YUK
• Hopefully if there is one it will be lenderscompared, the mandatory one for doorstep credit, so that two forms of alternative credit can be compared in one place, with the doorstep lenders likely to beat payday lending easily over longer terms and providing a decent fallback option, though not close to as good as what would be provided if fast loans were readily available at lower rates from mainstream providers and promoted in that way.
• As I've often said the FCA rules are a double edged sword, it's good that they are cracking down on PDL's and other financial organisations that utilize unscrupulous practices and don't make their products clear but the problem with the FCA new guidelines is that whilst they are designed to protect vulnerable people from being exploited, it doesn't resolve peoples short term cash flow issues.
  In fact, making it harder to get a loan or credit even at a high interest rate because of the new rules restraining PDL's will result in not only PDL's going under but also individuals going under too which is far more serious, I don't care about the billionaire directors of Wonga who probably have another company to parachute into anyway if they go belly up (strong possibility they will at the moment) but I do care for ordinary people, so whilst I applaud the FCA's endeavors to protect people, they've kinda missed the boat, PDL's are there because there is a need, the need won't go away even if every single PDL closed down tomorrow, that's the reality out there.
• why is moneysupermarket not including them? Bit strange for this site to want it, but its owner refusing to