The “payday” loans industry has shifted through the fringe of consumer finance in Australia to your main-stream despite current regulatory setbacks and a challenged image. The country’s short-term lending marketplace is considered to be well worth around $800 million speedy cash loans coupons per year. But developments offshore mean there may be more motion within the sector ahead.

“One especially interesting development because the legislative modification happens to be the emergence of a twin market.”

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The government set brand new legislation for Australian pay day loans in 2013, forcing modifications to current operations within the sector. Continue reading →