Central Bank must better protect vulnerable borrowers
Published 16/06/2015 | 02:30
The moneylending sector is booming. And it is not just because the near collapse of the banking system, and its rescue by taxpayers, has been a boon to moneylenders.
The financial trauma experienced by large numbers of people has certainly been a gift for these loan sharks.
But it will come as a shock to many that the main reason the customers cite for using them is not because they have been refused credit elsewhere, but because of convenience.