Fears around growth of payday loans

By Clancy Yeates
Updated April 5 2015 - 10:18am, first published March 24 2015 - 4:22pm
Some people are happy to pay high interest rates on a few hundred dollars for short terms.
Some people are happy to pay high interest rates on a few hundred dollars for short terms.

Moves to clamp down on "payday lending" have failed to rein in the strong growth in short-term loans with very high interest rates.

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