Payday lenders are out of time in their fight against credit cap

Banks, S.

Payday lenders are out of time in their fight against credit cap

Banks, S.

Authors

Professor Sarah Banks s.j.banks@durham.ac.uk
Professor

Abstract

Pressure is mounting on high cost credit companies to face tighter controls when they hand out short-term loans. Debt advice agencies, consumer organisations, anti-poverty campaigners and a cross-party group of MPs have all joined calls for the Financial Conduct Authority to regulate the market when it starts work in April 2014. A charter has now been published on the subject and the Labour Party has raised the political stakes by promising to introduce a cap on the cost of credit if it wins the next election.

Citation

Banks, S. (2013). Payday lenders are out of time in their fight against credit cap

Other Type	Newspaper Article
Publication Date	Oct 21, 2013
Deposit Date	Oct 23, 2013
Publicly Available Date	Nov 20, 2014
Additional Information	URL of output: http://theconversation.com/payday-lenders-are-out-of-time-in-their-fight-against-credit-cap-19398

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http://creativecommons.org/licenses/by-nd/4.0/

Copyright Statement
This is an open-access article distributed under the terms of the Creative Commons Attribution No Derivatives License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. See http://creativecommons.org/licenses/by-nd/4.0/