Payday loan scandals hit the poorest the hardest

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Would reform, asks James Moore, have taken as long were the scandal to have impacted on wealthier, noisier consumers, with better access to the media?

A group of demonstrators protest against loan company Wonga outside offices in LondonA protester speaks during the protest against pay-day loan company Wonga in LondonOccupy London declared a class War on Wonga over the increase in interest rates on loans to 5,853% APR, calling them loan sharks'Occupy' protesters demonstrate against British payday loan company 'Wonga' in Trafalgar Square in London.

 

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