Tuesday, February 19, 2013

Pay Day Lenders

OFT asked to suspend four pay day lenders..

Original article is here

A very hot topic within the industry.  I predict that in a year or two we (the credit risk community) will look back upon" Pay Day Lending" as a case study.  There will be some good from this (improvements in credit scoring, behavioural scoring, credit abuse, affordability) but the reputational damage of some of these companies will still be felt.

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