Category Archives: Hawaii Payday Loans

Payday financing into the UK: the regul(aris)ation of the evil that is necessary?

Concern in regards to the use that is increasing of financing led the united kingdom’s Financial Conduct Authority to introduce landmark reforms in 2014/15. While these reforms have actually generally speaking been welcomed as an easy way of curbing ‘extortionate’ and ‘predatory’ lending, this paper presents a far more nuanced photo according to a theoretically-informed analysis associated with the development and nature of payday lending coupled with initial and rigorous qualitative interviews with clients. We argue that payday financing is continuing to grow as a consequence of three major and inter-related styles: growing earnings insecurity for folks in both and away from work; cuts in state welfare supply; and increasing financialisation. Continue reading