UK government policy, credit unions, and payday loans
By: Lee, Bill.
Contributor(s): Brierley, John.
Material type:
ArticlePublisher: 2017Description: p.348-360.Subject(s): Credit
In:
International Journal of Public AdministrationSummary: This article outlines how successive UK governments' policies first created a three-tier system of credit unions and then posited credit unions as alternatives to payday lenders. The three-tier framework is used for an analysis of loans offered on credit union websites. The findings indicate that while the first two tiers of credit unions now offer loans to people who have not saved with them previously, they do so in ways consistent with credit unions' original character, rather than in ways that replicate commercial payday loans. The other tier of credit unions appears unable to offer such loans. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 40, Issue no: 4 | Available | AR115786 |
This article outlines how successive UK governments' policies first created a three-tier system of credit unions and then posited credit unions as alternatives to payday lenders. The three-tier framework is used for an analysis of loans offered on credit union websites. The findings indicate that while the first two tiers of credit unions now offer loans to people who have not saved with them previously, they do so in ways consistent with credit unions' original character, rather than in ways that replicate commercial payday loans. The other tier of credit unions appears unable to offer such loans. - Reproduced.
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