Conclusion and Recommendations

Carl Packman

Chapter 7 in Payday Lending: Global Growth of the High-Cost Credit Market, 2014, pp 133-139 from Palgrave Macmillan

Abstract: Abstract Finally I conclude and add recommendations that can have, to varying degrees, a real positive impact to the regulation of consumer credit in general, and high-cost credit more specifically. The recommendations are divided into industry-specific interventions, ranging from caps on the cost of credit, bans on rollovers, and offering longer term loans, to wider interventions such as an annual levy placed on the payday lending industry to payfor its own regulation, uniform laws on all consumer credit to ensure lenders cannot circumvent rules, a Community Reinvestment Act as well as banking ordnances, to the development of responsible credit.

Keywords: community; credit; debt (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36110-3_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137361103

DOI: 10.1057/9781137361103_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().