Payday financing into the UK: the regul(aris)ation of the evil that is necessary?

Concern in regards to the increasing utilization of payday financing led the united kingdom's Financial Conduct Authority to introduce landmark reforms in 2014/15. While these reforms have actually generally speaking been welcomed as an easy way of curbing ‘extortionate’ and ‘predatory’ lending, this paper presents an even more nuanced image according to a theoretically-informed analysis for the development and nature of payday financing along with initial and rigorous qualitative interviews with clients. We argue that…