Belarus Lending Rate

SA Introduces Payday Loan Reform Bill

Progress in payday credit reform or a 25-year setback in credit regulation? Vickie Chapman, Attorney General of South Australia The government of South Australia has announced that it will legislate to strengthen the protection of consumers taking out low-value credit contracts, calling on the Australian government for not taking action …

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Payday lenders go after retirees

Some retirees from Tsintsabis neighborhoods in the Oshikoto region are wallowing in poverty due to excessive debt advanced by businessmen at monthly pay points. This often results in retirees returning home with nothing after settling their debts, forcing them to seek more credit.“I am worried for the well-being of my …

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How the military can avoid predatory lenders

After serving abroad, military personnel return home to face a new economic reality that often unfortunately includes lenders seeking to take advantage of their vulnerability. These so-called predatory lenders, who spring up around military bases, try to lure or deceive young soldiers into taking out loans that impose abusive or …

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Why low-income Nigerians prefer payday lenders to banks

The country’s organized banking system is unable to address people’s financial vulnerabilities, thus opening up space for high-interest microcredit platforms. Microlenders make money available to customers through apps. (Oluwatosin Adeshokan / TRTWorld) In August 2017, Henry Apampa-Aka heard about a lending platform named Paylater, which does not require any paperwork. …

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