It is often interesting to compare how different countries manage the payday industry. There are articles to be found in the archives that examine the payday loan industry in The United Kingdom, South Africa, Australia, and the United States. In light of the new regulations that the UK government has imposed on the industry there, […]
Monthly Archives: May 2015
Regulations for Payday lenders – what the FCA has to say
It was in January of this year that the FCA (Financial Conduct Authority) implemented the new regulations for payday lenders. After a gruelling 20 month consultation on the payday lending practices and the possible ways to give the lenders as well as the customers a fair deal, the regulations materialised. A wide range of groups […]
Instead of payday loans use credit cards – that’s what the guys at the Pentagon do
Some people don’t need a payday loan these days, just use your credit card at least that is what the employees at the Pentagon do. If they realise that they are not going to make it to the end of the month they use credit cards instead of a payday lender. It has come to […]
Five reasons why capping charges on payday loans may not be a good idea after all
Capping charges on payday loans may not be a good idea after all Payday lenders have now been regulated, capped and put right in their place. Everyone should be happy from Mr. Milliband to the Archbishop of Canterbury Justin Welby. We should all be able to relax as the dust settle after the insane battle […]