UK payday loans ruling good news for consumers, lenders

The UK Office of Fair Trading's recent pro-payday loans decision has been a relief to consumers and businesses like Speed-e-Loans…
Description: An ATM machine which is covered up by warning tape that reads "Danger: Do not re-use," a hint at the possible trouble overdraft can bring when chosen as an alternative to payday loans.
Thursday, June 17th, 2010 by
By Steve Tarlow

UK Office of Fair Trading says no to payday loan rate cap

The United Kingdom's Office of Fair Trading has ruled that a payday loan rate cap is unnecessary and would harm free market competition…
A T-shirt parody of the "Enjoy Coke" logo. This shirt reads "Enjoy Capitalism." Part of capitalism is a free market economy that would not restrict the payday loan with unnecessary (or even harmful) rate caps.
Tuesday, June 15th, 2010 by
By Steve Tarlow