1.Critically discuss the effectiveness of the relevant regulatory framework within the UK Pay Day Loan Industry, using Baldwin et al’s (2012) discussion of what constitutes ‘Good Regulation’. (Essays must include a critical discussion of issues raised in Baldwin et al 2012, Chapters 2, 3, 4 & 5).
Suggested Initial On-line Key Word Search Terms: pay day loans; short term loans; financial market regulation; predatory lending; unsecured loans; financial literacy; Financial Conduct Authority (FCA) price cap rules; High-Cost Short-Term Credit (HCSTC); excessive loan charges; Competition and Markets Authority (CMA); credit licencing; Office of Fair Trading; Citizens Advice Scotland and pay day loans; Citizens Advice and pay day loans.
