Our company is perhaps perhaps not trying to reject, in this paper, that payday lending is a extremely high priced type of credit

Our company is perhaps perhaps not trying to reject, in this paper, that payday lending is a extremely high priced type of credit

Certainly, this principal depiction of payday financing led the FCA to tighten up legislation of HCSTC including brand brand new laws from April 2014 (see FCA, 2014a for complete details and Gardner, 2013 for conversation) aided by the outcome that the sheer number of loans additionally the quantity lent from payday loan providers dropped by 35 % when you look at the five months after the changes (FCA, 2014b). Many campaigners, but, argued for further regulation including a limit in the price of credit. 继续阅读“Our company is perhaps perhaps not trying to reject, in this paper, that payday lending is a extremely high priced type of credit”