Should payday loans that loan businesses give out, be regulated by the government? And should it have regulations that they have to follow, if they don't need to follow them in your area of the world?
Payday Loans, and Government Regulations
- Thread starter Joshua Farrell
- Start date
The best the government in my country just warns you about those loan sharks. They don't regulate it. It is really not possible since most of these loan companies are online.
Government doesn't intervene in failure to pay loans even in commercial banks, not to talk of online loans. Those ones are on their own.
