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001435764 001__ 1435764
001435764 003__ OCoLC
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001435764 019__ $$a1247942625
001435764 020__ $$a9783030706159$$q(electronic bk.)
001435764 020__ $$a303070615X$$q(electronic bk.)
001435764 020__ $$z9783030706142
001435764 020__ $$z3030706141
001435764 0247_ $$a10.1007/978-3-030-70615-9$$2doi
001435764 035__ $$aSP(OCoLC)1245954111
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001435764 049__ $$aISEA
001435764 050_4 $$aHG2106.G7
001435764 08204 $$a332.3/40941$$223
001435764 1001_ $$aMcMahon, Craig,$$eauthor.
001435764 24510 $$aTaming the fringe :$$bthe regulation and development of the British payday lending and pawnbroking markets since 1870 /$$cCraig McMahon.
001435764 264_1 $$aBasingstoke :$$bPalgrave Macmillan,$$c[2021]
001435764 300__ $$a1 online resource :$$billustrations
001435764 336__ $$atext$$btxt$$2rdacontent
001435764 337__ $$acomputer$$bc$$2rdamedia
001435764 338__ $$aonline resource$$bcr$$2rdacarrier
001435764 4901_ $$aPalgrave studies in the history of finance
001435764 500__ $$aIncludes index.
001435764 5050_ $$a1. Introduction: Fair Price and Sufficient Profit -- 2. Victorian Pawnbrokers: Cancerous Worms of Ruin or the Poor Mans Banker? -- 3. Moneylenders: Deeply Rooted Evil or Providers of Quick Cash? -- 4. Legitimate Bankers: Pawnbrokers and Moneylenders Join the Premier League -- 5. Small-loan Providers: Sent Back to the Fringe -- 6. Fintech to the Rescue or Predators in Disguise? -- 7. Conclusion: Perceptions Matter.
001435764 506__ $$aAccess limited to authorized users.
001435764 520__ $$aTaming the Fringe analyses the regulation and evolution of two credit products that were, and remain, vital to the working poor. Policymakers have struggled with pawnbroking and moneylending because they raise broader issues pertaining to poverty, capitalism and financial regulation. The values of easily accessible credit and financial independence compete with societys desire to protect people from predatory loans. Policymakers have pondered whether regulation can lower costs without reducing access for those most in need of small cash loans. Can government policy protect borrowers while also providing sufficient profit for lenders? The many attempts at doing so reveal the difficulty of safeguarding the needs of people who have experienced financial trouble before seeking a loan. Taming the Fringe is the first extended study of the payday lending and pawnbroking markets in Britain, and the only one to examine over 160 years of financial results and market data. This work explains why small-value lenders have generated such passionate debate, even being described as the devil incarnate. It adds to our knowledge of fringe banking and the evolving role of financial regulation to protect the working poor. Since 1870, pawnbrokers and moneylenders have actively shaped regulation a viewpoint the existing literature does not address adequately. This work contributes to the scholarly and policy dialogue on financial inclusion, working-class poverty and the development and legitimacy of fringe lending. This book analyses the motivation, content and outcome of critical regulatory episodes that have shaped fringe banking. While historians have written volumes about consumer credit, few have analysed why elite policymakers have sought to protect the working poor from some credit markets. This work demonstrates that, across time, conflicting views on poverty and liberal economic theory have, to varying degrees, influenced how the government has protected the working poor, and will be of interest to financial and economic historians. Craig McMahon is an Assistant Professor of Economic History at Villanova University, USA and is an affiliate of the Centre for Financial History, Darwin College, UK. He received his PhD from the University of Cambridge, UK. Craig has over 20 years of experience in the capital markets, international consultancy and non-profit management. He teaches courses on the development and regulation of banking markets, American economic development, global political economy and globalization.
001435764 588__ $$aDescription based on print version record.
001435764 650_0 $$aPawnbroking$$zGreat Britain$$xHistory.
001435764 650_0 $$aPayday loans$$zGreat Britain$$xHistory.
001435764 655_7 $$aHistory.$$2fast$$0(OCoLC)fst01411628
001435764 655_0 $$aElectronic books.
001435764 77608 $$iPrint version:$$aMcMahon, Craig.$$tTaming the fringe.$$dBasingstoke : Palgrave Macmillan, 2021$$z9783030706142$$w(OCoLC)1242804441
001435764 830_0 $$aPalgrave studies in the history of finance.
001435764 852__ $$bebk
001435764 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-030-70615-9$$zOnline Access$$91397441.1
001435764 909CO $$ooai:library.usi.edu:1435764$$pGLOBAL_SET
001435764 980__ $$aBIB
001435764 980__ $$aEBOOK
001435764 982__ $$aEbook
001435764 983__ $$aOnline
001435764 994__ $$a92$$bISE