Should regulation be aimed at saving the payday borrower from themselves?
- Written by The Conversation
Borrower personality is an under-studied area of payday lending.Image sourced from www.shutterstock.comThe fact that payday industry is marked by high interest rates, hidden charges, and has a vulnerable sector of the community as the target market inevitably means it is constantly scrutinised by regulators.
In March, payday lender Nimble ordered...
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