Dalston On BBC Breakfast
Dalston featured in a report on BBC Breakfast this morning.
It was all about payday loans.
It is almost impossible to walk down the Kingsland Road without falling over the endless number of boards offering loans on the street.
All loans no matter where they are from, should be properly registered on a central database, which is then checked for anomalies and excessive borrowings.
The FCA is imposing new regulations as reported here on the BBC.
But no matter what regulations are tabled, it will not stop people borrowing at rates, they can’t afford. So the new regulations will probably turn out to be a business opportunity for loan sharks.
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The Anonymous Widower 
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