Taming the Fringe : The Regulation and Development of the British Payday Lend...

by Craig Mcmahon

$192 · Offered by eBay

Taming the Fringe : The Regulation and Development of the British Payday Lending and Pawnbroking Markets since 1870, ISBN 3030706176, ISBN-13 9783030706173, Like New Used, Free shipping in the US Taming the Fringe analyses the regulation and evolution of two credit products that were, and remain, vital to the working poor. Policymakers have struggled with pawnbroking and moneylending because they raise broader issues pertaining to poverty, capitalism and financial regulation. The values of easily accessible credit and financial independence compete with society’s desire to protect people from predatory loans. Policymakers have pondered whether regulation can lower costs without reducing access for those most in need of small cash loans. Can government policy protect borrowers while also providing sufficient profit for lenders? The many attempts at doing so reveal the difficulty of safeguarding the needs of people who have experienced financial trouble before seeking a loan. Taming the Fringe is the first extended study of the payday lending and pawnbroking markets in Britain, and the only one to examine over 160 years of financial results and market data. This work explains why small-value lenders have generated such passionate debate, even being described as the devil incarnate. It adds to our knowledge of fringe banking and the evolving role of financial regulation to protect the working poor. Since 1870, pawnbrokers and moneylenders have actively shaped regulation – a view

• Publisher: Springer International Publishing A&G
• Year: 2022
• Binding: Paperback
• ISBN: 9783030706173
• Condition: Fine

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