File:Taking action on payday lending (14879551083).jpg
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Bid to cut down on numbers of high street lenders. Tighter regulations and stricter planning procedures will help limit the numbers of new payday lenders on Scotland’s high streets, Local Government Minister Derek Mackay announced today. The measures which are designed to minimise the presence of payday lenders in communities are set out in a new 12 point Scottish Government action plan. The plan is a result of Scotland’s first Payday Lending Summit earlier this year and based on feedback from local authorities, advice services, welfare organisations and credit unions who attended. The preventative measures also include the introduction of a new Financial Health Service which will serve as a one-stop-shop for money advice services, and there is an emphasis on promoting credit unions. Launching the plan on a visit to the Glasgow Central Citizens Advice Bureau, Mr Mackay said: “This action plan reinforces our commitment to addressing the problems associated with payday lending and sets out a number of actions that we will undertake across a range of policy areas. |
| Date | |
| Source | Taking action on payday lending |
| Author | Scottish Government |
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This image was originally posted to Flickr by Scottish Government at https://flickr.com/photos/26320652@N02/14879551083. It was reviewed on 5 February 2021 by FlickreviewR 2 and was confirmed to be licensed under the terms of the cc-by-2.0. |
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| current | 17:56, 5 February 2021 | | 5,472 × 3,648 (5.6 MB) | Lirazelf (talk | contribs) | Transferred from Flickr via #flickr2commons |
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