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The Labour leader has launched an attack on our "Wonga economy" saying payday lenders are "running riot through our communities". Ed Miliband accused the firms of preying upon vulnerable people then intimidating them with bullying tactics when they failed to repay the loans. He said they had created a "quiet crisis" for thousands of households saddled with debts they were unable to pay off. In a speech at Battersea Power Station, Mr Miliband said that he had visited the Citizens' Advice Bureau in his Doncaster constituency and heard the stories of a number of people who had become victims of pay day loan firms. http://uk.news.yahoo.com/pay-day-lenders-run-riot-communities-111919798.html#s9U6DA3