Original article by James Eyers
The Australian Financial Review – Page: 18 : 13-Oct-15

The Australian Centre for Financial Studies has proposed to set up a national database of payday loans. It also argues that payday lenders should be more discriminating in assessing borrowers and their capacity to service a loan. The market for payday loans was estimated to be worth between $A800 million and $1A billion in 2012.

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AUSTRALIAN CENTRE FOR FINANCIAL STUDIES, RMIT UNIVERSITY, MONEY3 CORPORATION LIMITED – ASX MNY, CASH CONVERTERS INTERNATIONAL – ASX CCV, ASX LIMITED – ASX ASX, CASH CONVERTERS INTERNATIONAL – ASX CCV, GOOD SHEPHERD MICROFINANCE, EQUIPSUPER PTY LTD, BANK OF QUEENSLAND LIMITED – ASX BOQ, FEDERAL COURT OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY