BBC News - Debt services such as payday loans 'poorly regulated'
"Yet this industry remains opaque and poorly regulated. The government must take swift and decisive action to prevent firms from abusing the needs of such a vulnerable customer base."
customer base .. the mentality .. vulnerable or not .. the attitude .. of government and its offshoot ..Office of Fair Trading .. people, as .. to speak about citizens it is pure mockery .. seen as customers .. and as customers are subjected wholly to the ruthless insticts pervading the system .. supply and demand utterly exploited .. no cap to interest rates .. the Office of Fair Trading .. deemed uneccessary ..
Payday loan industry 'poorly regulated', say MPs - Yahoo! Finance UK
"Payday loans appeal to those in serious financial need, some of whom will have low levels of financial literacy," said Mr Bailey. "Yet this industry remains opaque and poorly regulated. Despite a Government consultation that ended almost a year ago little has been done to remedy the situation."
regulated only by the voraciousness of the lenders .. the heights that interest rates can reach .. coupled with the extreme vulnerability of the ..'customer' base .. that government austerity programs have brought to bear ..
if only it can be said .. that the Office of Fair Trading acts at least as an innocent bystander .. a benign form of intervention .. but no ..
predators, armed to the teeth .. ads soar in radios and TV .. following the unhinged rule .. the more the advertising spending .. the more you get .. playing havoc with people's minds .. brainwash and at the same time aiming to reach deep into the 'customer' base .. there are still numbskulls .. that need their services .. advertising shrouded with the thin veil of advertising standards .. affords credibility to the advertising messages
there is no law that prohibits .. to exploit the poor in the mind
unleash their menace .. unhindered by .. but not only .. coaxed and encouraged .. in reality, under the blessings of government and Office of Fair Trading ..
lenders the predators .. the one and only attribute .. that defines their very existence ..
and prey, the 'customers', weakened .. as it can ever be ..
the government .. central bank .. only sees fit .. to pour money for the ailing banks .. that are vulnerable .. as they can not meet their targets .. they struggling to afford their plush bonuses to their executives .. whereas pople .. even under this deridding categorisation .. of 'customer' base ..
are excluded to take their share from these swathes of easy money ..
give these .. thickos .. a good .. doing .. that would never forget .. to last them for a lifetime ..
