Payday Lending in Canada in a Global Context: A Mature Industry with Chronic Challenges

ISBN-13: 9783319712123 / Angielski / Twarda / 2018 / 245 str.

Jerry Buckland; Chris Robinson; Brenda Spotton Visano

Opis

This book analyzes the highly contentious payday lending industry, presenting valuable new data collected during Canada's recent regulatory reviews and demonstrating its relevance to payday lending conversations taking place worldwide.

Spis treści

1. Introduction; Jerry Buckland and Brenda Spotton Visano

2. A Statistical Profile of Payday Loan Clients from National Surveys; Wayne Simpson and Khan Islam

3. A Socio-economic Examination of Payday Loan Clients: Why and How People Use Payday Loans; Jerry Buckland

4. A Business Analysis of the Payday Loan Industry; Chris Robinson

5. Ethical Issues Related to Payday Lending; Chris Robinson and Denys Robinson

6. Mainstream Financial Institution Alternatives to the Payday Loan; Brenda Spotton Visano

7. Payday Lending Regulations; Katrine Dilay and Byron Williams

8. Conclusion; Jerry Buckland, Chris Robinson, and Brenda Spotton Visano

O autorze

Jerry Buckland is Professor of International Development Studies, Menno Simons College, Canadian Mennonite University, Canada. 

Chris Robinson is Professor of Finance, School of Administrative Studies, York University, Canada.

Brenda Spotton Visano is Professor of Economics and Public Policy, Department of Economics, The School of Public Policy & Administration, York University, Canada. 

Blurb

This book analyzes the highly contentious payday lending industry, presenting valuable new data collected during Canada's recent regulatory reviews and demonstrating its relevance to payday lending conversations taking place worldwide. The authors treat the industry with a balanced hand by establishing its importance as an example of financialization and acknowledging the complex impact of payday lending services on low-income and credit-constrained clients. Up-to-date data from an interdisciplinary mix of financial, econometric, legal, behavioral economic, and socioeconomic sources—all in the context of an established Canadian industry—provide both proponents and opponents of payday lending with valuable evidence for their discussions of how much regulation is required to minimize harmful consequences. These insights from Canada expand a US-centric conversation and provide a key resource for the growing list of countries in which the industry is present, from the UK and Poland to South Africa and Australia.