Without a doubt about The Archbishop of Canterbury assaults loan industry that is payday

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Justin Welby, the Archbishop of Canterbury, talked down about pay day loans when you look at the House of Lords. (Image Lambeth Palace)

The Archbishop of Canterbury has required the us government to ban ‘legal usury on our high streets’ in a strongly worded assault regarding the cash advance industry.

Talking in a parliamentary debate on the high-cost creditors, some recharging customers a lot more than 4,000per cent, the Archbishop stated the federal government should introduce a limit in the prices the organizations may charge.

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