Former chief City regulator heads campaign for archbishop of Canterbury to prevent vulnerable people falling into debt

Hector Sants, the former chief City regulator, has introduced a national network of churches, communities and credit unions that aims to take on payday lenders.

Sants, who headed the Financial Services Authority until 2012, is leading a task force set up by the Church of England as part of a campaign led by the archbishop of Canterbury, Justin Welby.

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