Some jurisdictions outlaw payday lending entirely, and some have very few restrictions on payday lenders.
He has been referred to as the father of the payday lending industry for creating the first national payday lending chain.
Since payday lending operations charge higher interest-rates than traditional banks, they have the effect of depleting the assets of low-income communities.
To expect such people voluntarily and individually to set aside money in order to provide for retirement, when many live from payday to payday, is really expecting rather a lot.
As the addition is added automatically to the pension on the first payday after the pensioner's 80th birthday there is no additional administrative cost involved in making these payments.
The lawyers already have enough paydays!
Surely it cannot be necessary to fix only one day as payday.
It claims that it is a question of alignment to payday and that it does not mean that there is an administrative delay.
