Protections from payday loan providers for low income Australians tend to be overdue

Protections from payday loan providers for low income Australians tend to be overdue

By Gerard Brody and Fiona Guthrie

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In 2013, brand-new strategies came into effects to compromise down on the payday loans market, including capping the attention and fees these lenders can charge. Yet Monday night of Four sides regimen on ABC TV “games of debts” shows an evergrowing field with hardly any family and a trail of subjects.

Just what exactly moved wrong? Initially, the legislated cost cover hides efficient interest rates all the way to 240 % per year. Continue lendo “Protections from payday loan providers for low income Australians tend to be overdue”