Central Bank must better protect vulnerable borrowers
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.