PhD Candidate – Financial Regulation, Queen’s University Belfast
Christopher Mallon receives funding through the Department of Employment and Learning (DEL) NI.
The discussion UK receives funding from the organisations
Payday loan providers have now been the niche of trenchant critique since their appeal exploded after the economic crisis. A recent documentary, вЂњCash at your fingertips: Payday LoansвЂќ, desired to counter this by providing an insider consider the industry. The show went behind-the-scenes at payday lender Uncle Buck, which possesses a 2% share of the market behind behemoths such as for example Wonga and QuickQuid, and used the activities of their customer care and collections procedure.
The payday financing market changed notably since legislation ended up being established a year ago вЂ“ it seems that the industry is making genuine efforts to completely clean up its work. Continue reading