How legislation has changed payday lenders

The much maligned payday loan industry continues to change under new government regulations designed to restrict the industries most predatory practices. The result of these regulations has been to push some of the most unscrupulous lenders out of the industry completely, and forcing those that remain to be clearer in the interest rates and other payment terms.

Payday loans infographic

Rough Timeline For Payday Loan Legislation & Regulation Changes – An infographic by the team at Swift Money

Photograph by Images of Money

1 comment

  1. Pingback: Student advice: Saving money at university FAQ | Student Banker

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Go to top