{"id":55675,"date":"2017-05-23T13:30:45","date_gmt":"2017-05-23T06:30:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-union-for-retail-workers-aims-to-fend-off-payday-lenders\/"},"modified":"2017-05-23T13:39:13","modified_gmt":"2017-05-23T06:39:13","slug":"credit-union-for-retail-workers-aims-to-fend-off-payday-lenders","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-union-for-retail-workers-aims-to-fend-off-payday-lenders\/","title":{"rendered":"Credit union for retail workers aims to fend off payday lenders"},"content":{"rendered":"


\nThe retailCURe credit union is backed by several large high street stores and offers loans and savings productsJohn Lewis and Debenhams are among the high street names backing a new credit union for the retail sector, officially launching today, which aims to help shop workers \u201cavoid the clutches\u201d of payday lenders. Another supporter is former Dragons\u2019 Den star Theo Paphitis, who once again got to say \u201cI\u2019m in\u201d, after revealing that he and his companies have invested a six-figure sum in the not-for-profit enterprise.Credit unions are financial co-operatives owned and controlled by their members that have traditionally specialised in loans and savings for the less well-off, but are now targeting people of all incomes. They are seen as offering a vital alternative to banks, expensive payday lenders and loan sharks, and the launch of this latest union, called retailCURe, is a big boost for the sector. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Credit union for retail workers aims to fend off payday lenders<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The retailCURe credit union is backed by several large high street stores and offers loans...<\/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-55675","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-etZ","jetpack-related-posts":[{"id":3997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/forget-payday-lenders-theres-a-much-better-way-to-borrow\/","url_meta":{"origin":55675,"position":0},"title":"Forget payday lenders \u2013 there\u2019s a much better way to borrow","date":"October 24, 2015","format":false,"excerpt":"\r Lack of access to mainstream funds drives many to find loans at extortionate rates but there is a viable alternative. And savers can benefit tooWonga charges an APR of 1,509%, QuickQuid 1,270%, while doorstep seller Provident -Financial quotes 1,068%. Yet there is an alternative source of loans for hard-pressed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85256,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wonga-2-0-meet-the-new-breed-of-payday-lenders\/","url_meta":{"origin":55675,"position":1},"title":"Wonga 2.0? Meet the new breed\u00a0of payday lenders","date":"April 14, 2018","format":false,"excerpt":"\r A new wave of credit firms is offering \u2018medium-term\u2019 loans at hefty APRs of up\u00a0to 1,421% The worst of the payday lenders, famed for offering short-term loans at sky-high interest rates, may have faded away, but vulnerable consumers are still being targeted with offers of loans with four-figure APRs.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-proposes-new-rules-for-payday-loan-industry-to-curtail-borrower-debt\/","url_meta":{"origin":55675,"position":2},"title":"US proposes new rules for payday loan industry to curtail borrower debt","date":"June 2, 2016","format":false,"excerpt":"\r Consumer Financial Protection Bureau seeks to require lenders to check if people can afford to repay as critics accuse agency of ignoring credit needs of poorThe US government announced plans on Thursday to regulate the controversial $38.5bn payday loan industry. Regulation of the high-interest, low-dollar loan industry has until\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dangerous-payday-loans-join-guns-and-drugs-on-googles-banned-ad-list\/","url_meta":{"origin":55675,"position":3},"title":"'Dangerous' payday loans join guns and drugs on Google's banned ad list","date":"May 12, 2016","format":false,"excerpt":"\r $46bn industry banned from advertising on most visited site in the worldLenders use extremely high interest rates and target vulnerable peopleGoogle announced a ban on search ads from payday lenders on Wednesday, classifying them in their \u201cdangerous products\u201d category with guns, tobacco and explosives. Banning ads from payday lenders\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-lenders-and-credit-firms-to-pay-for-illegal-money-enforcement-teams\/","url_meta":{"origin":55675,"position":4},"title":"Payday lenders and credit firms to pay for 'illegal money' enforcement teams","date":"February 1, 2016","format":false,"excerpt":"\r Proposed levy coincides with government withdrawal of funding for service which has prosecuted more than 300 illegal money lenders since 2004Payday loan firms and credit card companies could be charged a fee to fund the work of teams cracking down on loan sharks, the chancellor has announced.From April 2017\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":55675,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/55675"}],"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=55675"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/55675\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=55675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=55675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=55675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}