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Residents have raised objections against risky high-interest loans in 46 local authorities, campaigners have revealed.
Liverpool City Council has appointed administrators to a pharmaceutical company which was loaned £2m by the authority.
Newham Council has struck a deal to scrap its lender option borrower option (LOBO) loans and switch to normal fixed rate borrowing in a move that will save up to £94m.
Northampton BC has announced that it will receive a report from auditors PWC into a loan to Northampton Town Football Club at a special meeting next Monday.
Local authorities should provide alternatives to payday lenders through credit unions, according to a new report.
Barclays has become the first bank to scrap high interest Lender Option, Borrower Option (LOBO) loans for councils.