{"id":49722,"date":"2017-03-27T02:35:58","date_gmt":"2017-03-26T19:35:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumer-advocates-call-for-crackdown-on-irresponsible-payday-lending\/"},"modified":"2017-03-27T02:49:05","modified_gmt":"2017-03-26T19:49:05","slug":"consumer-advocates-call-for-crackdown-on-irresponsible-payday-lending","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumer-advocates-call-for-crackdown-on-irresponsible-payday-lending\/","title":{"rendered":"Consumer advocates call for crackdown on irresponsible payday lending"},"content":{"rendered":"


\nChoice and other consumer advocates want stronger counselling services, no-interest loan schemes and better regulationConsumer advocates have urged the government to stamp out irresponsible payday lending by strengthening financial counselling services, funding no-interest loan schemes and urgently acting on a promise to better regulate the sector.An alliance of consumer advocates \u2013 including Choice, the Consumer Action Law Centre, Financial Rights Legal Centre and Financial Counselling Australia \u2013 will begin a lobbying effort in Canberra on Monday morning, attempting to pressure the government to act on the controversial payday loan sector. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Consumer advocates call for crackdown on irresponsible payday lending<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Choice and other consumer advocates want stronger counselling services, no-interest loan schemes and better regulationConsumer...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-49722","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cVY","jetpack-related-posts":[{"id":35330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warning-over-wongas-predatory-student-loans-offer\/","url_meta":{"origin":49722,"position":0},"title":"Warning over Wonga's 'predatory' student loans offer","date":"January 12, 2012","format":false,"excerpt":"\r Consumer Credit Counselling Service and NUS voice concerns as payday loans company aims to attract students to its 4,214% APR lending serviceLoan company Wonga has been accused of being \"cynical\" and \"predatory\" after suggesting students take out high cost short-term loans to buy plane tickets to the Canary Islands.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86978,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rip-off-debts-soar-as-rent-to-own-catalogue-credit-and-doorstep-lending-surge-after-payday-loan-crackdown\/","url_meta":{"origin":49722,"position":1},"title":"Rip-off debts soar as rent-to-own, catalogue credit and doorstep lending surge after payday loan crackdown","date":"May 2, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Rip-off debts soar as rent-to-own, catalogue credit and doorstep lending surge after payday loan crackdown","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89592,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/doorstep-lending-crackdown-to-save-vulnerable-from-debt\/","url_meta":{"origin":49722,"position":2},"title":"Doorstep lending crackdown to save vulnerable from debt","date":"May 27, 2018","format":false,"excerpt":"\r Financial Conduct Authority to take action after schemes continue to flourish despite cap on payday loansMeasures to clamp down on doorstep lending and rent-to-own schemes are expected to be unveiled this week following concerns that they are fuelling problem debt.The action comes after warnings that vulnerable people are at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89852,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/complaints-about-high-cost-credit-climb-to-record-level\/","url_meta":{"origin":49722,"position":3},"title":"Complaints about high-cost credit climb to record level","date":"May 29, 2018","format":false,"excerpt":"\r Complaints to ombudsman rise by 40%, with more than half relating to payday loansComplaints about high-cost credit have soared to a record level, raising concerns about how lenders treat vulnerable consumers. In 2017-18, the number of complaints about consumer credit rose by 40% to just over 36,300, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/legalized-loan-sharking-payday-loan-customers-recount-their-experiences\/","url_meta":{"origin":49722,"position":4},"title":"'Legalized loan sharking': payday loan customers recount their experiences","date":"January 22, 2018","format":false,"excerpt":"\r The Consumer Financial Protection Bureau has ordered a review of rules on short-term loans. Three customers say companies lured them into a trapMick Mulvaney, White House budget director and interim director of the Consumer Financial Protection Bureau, recently announced a review of rules on payday loans. Payday loan companies\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-urged-to-extend-cap-on-payday-loan-fees-to-other-forms-of-credit\/","url_meta":{"origin":49722,"position":5},"title":"FCA urged to extend cap on payday loan fees to other forms of credit","date":"May 27, 2018","format":false,"excerpt":"\r Debt charities and MPs want action when City watchdog\u2019s 18-month review is publishedThe City watchdog is facing mounting pressure to extend its cap on payday lending fees and interest to a broader range of high-cost financial products before a major review of lending practices this week. Debt charities and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/49722"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=49722"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/49722\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=49722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=49722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=49722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}