Wrth gwrs, nid yw’r pwerau i reoleiddio’r Cwmniau Benthyciadau Diwrnod Cyflog wedi’u datganoli, a bydd Aelodau’r Cynulliad yn ymwybodol bod Llywodraeth y DU wedi cyhoeddi eu bwriad i ddeddfu i gapio cost y benthyciadau hyn. Nid yw lefel y cap hwn wedi’i gyhoeddi eto – yr Awdurdod Ymddygiad Ariannol, sef y corf rheoleiddio newydd a ddaw i rym fis Ebrill 2014, fydd yn pennu hwnnw. Gosodir cyfyngiadau ar y taliadau a godir hefyd, gan gynnwys y ffioedd trefnu a chosbau, yn ogystal â’r cyfraddau llog. Byddai Llywodraeth Cymru’n croesawu’r cam hwn gan Lywodraeth y Du yn fawr iawn, gan ei fod yn lleihau cost Credyd i’r rhai sy’n penderfynu cymryd Benthyciad Diwrnod Cyflog.
Of course, the regulation of Payday Loan Companies is not devolved and Members will be aware of the recent announcement by the UK Government to introduce a new law to cap the cost of payday loans. The level of the cap, which has not yet been announced, will be decided by the new regulator, the Financial Conduct Authority (FCA) when it comes into being in April 2014. Also, there will be controls on charges, including arrangement and penalty fees, as well as on interest rates. Welsh Government would very much welcome this move by the UK Government as it aims to reduce the cost of Credit for those who decide to take out a Payday Loan.