Pay Day Lending and its impact in Leeds and West Yorkshire
The Centre for Business Law and Practice recently hosted a Workshop on PayDay Lending to which a number of discussants were invited, both from the local community, academia, credit unions, and Leeds City Council.
The purpose of the Workshop was to explore current issues in relation to payday lending, with particular reference to how they affect the West Yorkshire area, and how current regulation can help or hinder the development of protection for the vulnerable consumer.
The morning session covered the realities of the payday market, legislation and regulatory theory.
The afternoon session concentrated on the perspectives of the Leeds City Council and Leeds City Credit Union.
The workshop was then concluded with open discussion from all participants, covering issues such as the typical profile of payday borrowers, student experience, the evidenced impact of payday lending on those who sought help from debt advice charities, prevalent problems including cost and interest rates, and the Credit Union’s role in providing an alternative form of borrowing.
School of Law
University of Leeds
The Liberty Building is number 16 on the campus map, and is situated on the corner of Moorland Road and Belle Vue Road on the Western Campus of the University of Leeds. It is situated behind the Maurice Keyworth Building (Business School).
From Leeds train station, it is a 30 minute walk or you can take a taxi for around £5.00. Alternatively, the number 56 bus runs from Albion Street via Woodhouse Lane (A660) and stops on Moorland Road. These run every 10 minutes.
If travelling by car, there is a visitors' car park at the south end of the University campus or there is limited four-hour street parking on Belle Vue Road immediately behind the Liberty Building.