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UK Competition and Markets Authority Revokes 2015 Payday Lending Order
CURRENT STATUS
Active · revision 2 · last updated Nov 7, 2026, 3:45 AM UTC
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LATEST MATERIAL CHANGE
What changed?
The UK Competition and Markets Authority (CMA) has officially revoked the Payday Lending Market Investigation Order of 2015. This order previously imposed specific regulatory obligations on both online and high street payday lenders operating within the United Kingdom. By rescinding the order, the CMA has removed the targeted requirements that governed how these firms conducted their business and interacted with customers. The revocation marks the formal conclusion of the specific mandates established by the 2015 investigation, which aimed to address practices within the short-term, high-cost credit sector. No new, equivalent mandates have been issued by the CMA to replace the provisions of the 2015 order.
Why it matters
The revocation eliminates the specific compliance obligations previously imposed on payday lenders by the 2015 order. Firms in this sector are no longer bound by these particular regulatory requirements, altering the legal framework governing their operations.
TIMELINE
Previous updates
Revision 2 · Source update detected
Revision 1 · Initial ingestion
LINKED SOURCES
UK Competition and Markets Authority · Open Government Licence v3.0 where applicable; attribution required