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Just how do pay day loans affect British customers?

Just how do pay day loans affect British customers?

This seminar will be delivered by Stefan Hunt (Financial Conduct Authority).

Paper Abstract:

Pay day loans are the most controversial present innovations in customer finance. An range that is extensive of draw differing conclusions regarding the ramifications of cash advance use, utilizing the bulk analysing bans or limitations in US states. Utilizing data that are administrative the biggest 37 loan providers within the UK, we build a dataset of the majority of applications over a two year duration with people matched across companies.