The Future of High-Cost Credit: Rethinking Payday Lending
Jodi Gardner, "The Future of High-Cost Credit: Rethinking Payday Lending "
English | ISBN: 1509939350 | 2022 | 264 pages | PDF | 6 MB
English | ISBN: 1509939350 | 2022 | 264 pages | PDF | 6 MB
This book proposes a new way of thinking about the controversial and complex challenges associated with the regulation of high-cost credit, specifically payday lending. These products have received significant attention in both the media and political arena. The inadequacy of regulatory interventions has created ongoing problems with the provision of high-cost credit, particularly for consumers with lesser bargaining power and who are already financially vulnerable.
The book tackles two specific gaps in the existing literature. The first involves inadequate analysis of the relevant philosophical concepts around high-cost credit, which can result in an over-simplification of what are particularly complex issues. The second is a lack of engagement in both the market and lived experience of borrowers, resulting in limited understanding of those who use these financial products.
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