Personal policy and customer finance researcher, class of Economics, Finance and advertising, RMIT University
Marcus Banking institutions happens to be tangled up in research work that’s been economically supported by ASIC, nationwide Australia Bank, Good Shepherd Microfinance, the nationwide Financial Services Federation, The Australian Centre for Financial Studies and in-kind capital from the Financial and Consumer Rights Council.
RMIT University provides financing as a partner that is strategic of discussion AU.
The discussion UK gets funding from all of these organisations
ABC Four Corners’ recent expose of payday lending provided some annoying glimpses into some sort of lots of people understand little about. Unfortuitously, framing the storyline as you of sharks preying in the hapless will not treat the problems that are financial faced by those on low or precarious incomes really sufficient, nor how they may be fixed.
Exactly why are significantly more than a million Australians taking out fully, an average of, 3 to 4 tiny loans (typically A$100-$400) every year?