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Realistbear

No Regulation For Shylock Industry

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http://uk.finance.yahoo.com/news/no-cap-on-payday-loan-interest-rates-says-oft-tele-c7c54d95ac0c.html?x=0

No cap on payday loan interest rates, says OFT
Richard "Dickie" Evans, 11:16, Tuesday 15 June 2010
Interest rates charged on high-cost borrowing such as payday loans will not be capped by the Office of Fair Trading, the watchdog has announced.
The OFT said price controls would not be effective for the pawnbroking, payday loans and home credit market and could limit supply. Instead, it urged the Government to consider "radical" approaches to the high-cost credit sector.

Looks like the shys and kneecappers will continue unmolested?

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http://uk.finance.yahoo.com/news/no-cap-on-payday-loan-interest-rates-says-oft-tele-c7c54d95ac0c.html?x=0

No cap on payday loan interest rates, says OFT
Richard "Dickie" Evans, 11:16, Tuesday 15 June 2010
Interest rates charged on high-cost borrowing such as payday loans will not be capped by the Office of Fair Trading, the watchdog has announced.
The OFT said price controls would not be effective for the pawnbroking, payday loans and home credit market and could limit supply. Instead, it urged the Government to consider "radical" approaches to the high-cost credit sector.

Looks like the shys and kneecappers will continue unmolested?

Close them down

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http://uk.finance.yahoo.com/news/no-cap-on-payday-loan-interest-rates-says-oft-tele-c7c54d95ac0c.html?x=0

No cap on payday loan interest rates, says OFT
Richard "Dickie" Evans, 11:16, Tuesday 15 June 2010
Interest rates charged on high-cost borrowing such as payday loans will not be capped by the Office of Fair Trading, the watchdog has announced.
The OFT said price controls would not be effective for the pawnbroking, payday loans and home credit market and could limit supply. Instead, it urged the Government to consider "radical" approaches to the high-cost credit sector.

Looks like the shys and kneecappers will continue unmolested?

Cheques cashed - £5 upto £29, 7% upto £500, 5% to 6% thereafter.

This industry is not as bad as we are led to believe.

In fact, what would you charge?

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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