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Responsible lending and high-cost credit – does the cost-cap on payday loans really protect consumers?

    Research output: Contribution to JournalArticle

    Abstract

    This article analyses the extent to which product regulation, in the form of a price cap, protects consumers in the UK credit market. Considering the demise of pay day loans, the paper explores the alternatives for those priced-out of the market by the cost cap; exploring, specifically, whether these alternatives are, in fact, better for consumers.
    Original languageEnglish
    JournalFinancial Regulation International
    Volume7
    Issue numberMay
    Publication statusPublished - 14 Jun 2018

    UN SDGs

    This output contributes to the following UN Sustainable Development Goals (SDGs)

    1. SDG 10 - Reduced Inequalities
      SDG 10 Reduced Inequalities

    Keywords

    • High-Cost Short-Term Credit
    • Consumer Protection
    • Financial Conduct Authority

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