ASIC objectives payday loan providers charging you 1000pc interest

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ASIC objectives payday loan providers charging you 1000pc interest Two Gold Coast-based payday lenders interest that is charging up to 990 percent would be the very first goals for the Australian Securities and Investments Commission’s new product intervention abilities, awarded by the government in April. In a brand new assessment paper released on Tuesday, ASIC…

Bill Isaac’s United States Banker Article re: Payday Lending

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Bill Isaac’s United States Banker Article re: Payday Lending By Chris Gillock Bill Isaac had been president associated with the FDIC from 1981 through 1985, a time that is tumultous the U.S. bank operating system. Their “take” in the CFPB’s proposed payday financing regs is interesting (see American Banker piece below). The cash that is…