In December 2014, I joined Carl Packman on BBC Radio 4’s Thinking Aloud to discuss his book Global Payday Lending Industry
BBC Radio 4 Thinking Aloud, Laurie Taylor talks to Carl Packman, a researcher and writer, who has analysed the growth of a worldwide industry. Today there are more payday lender shops in the US than McDonald’s restaurants. They cater mainly to those without access to mainstream credit and with no other option. But how did they evolve and proliferate? And what is their impact on the most financially vulnerable consumers? He’s joined by Johnna Montogomerie, an economist from Goldsmiths, London.