Research and analysis
Regulated short term lending, particularly the "payday loan" style, is a fairly recent innovation. Many consumers seem to value the option of accessing small sums of money for short periods rather than the more traditional approach of borrowing larger sums over several months or years, or using open ended credit such as credit cards.
Because this is a relatively new industry it has attracted a lot of interest as it has developed. Some commentators seem to be overly concerned just because it is new, and different! But short term lending is available not just in the UK but in many other countries with well developed consumer credit markets such as Australia, Canada and the USA.
See below for links to reports, articles and downloadable material produced by reputable organisations and governmental bodies that may be of interest. The CFA is happy to consider appropriate research material for inclusion on this page – please send it to info@cfa-uk.co.uk.
News coverage
Financial Times
Payday loans jump as workers' bills stack up
24 May 2009
Financial Times
Suit and tie criminals step into Italy's loans vacuum
4 May 2009
Reports and analysis
Federal Reserve Bank of New York
Payday Holiday - how households fare after payday credit bans
Feb 2008
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 | | CFA members offer customers quick access to small sums, through high street offices and the internet. The CFA encourages the highest standards among its members and their staff in terms of transparency, customer service and responsible lending.
 Click here to download a consumer leaflet about choosing and using payday loans.
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