Payday lenders limited but loan sharks lurk for the economically hopeless

Payday lenders limited but loan sharks lurk for the economically hopeless The Financial Conduct Authority’s brand brand new controls on payday loan providers are aimed toward protecting borrowers from extortionate costs, that will be news that is welcome. The regulator will impose an initial 0.8% cap per day on interest charges, a cap of ВЈ15 […]

Why It’s So Very Hard to Regulate Payday Lenders

Why It’s So Very Hard to Regulate Payday Lenders Georgia’s creator, James Oglethorpe, an eighteenth-century social reformer, envisioned the colony being an financial utopia—a haven for the people locked in Britain’s debtors’ prisons. Oglethorpe petitioned King George II to permit the country’s worthy poor a 2nd possibility in an international settlement, then instituted legislation that […]