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首页> 外文期刊>Journal of consumer policy >The UK New Regulatory Framework of High-Cost Short-Term Credit: Is There a Shift Towards a More “Law and Society” Based Approach?
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The UK New Regulatory Framework of High-Cost Short-Term Credit: Is There a Shift Towards a More “Law and Society” Based Approach?

机译：英国新的高成本短期信用监管框架：是否正在向一种更加基于“法律与社会”的方法转变？

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摘要

In the wake of the 2008 financial crisis, the consumer credit market in the UK has witnessed a proliferation in the number of high-cost short-term credit (HCSTC) providers promising easy access to credit without the complications of credit history. This act of generosity came at a very high price, which on some occasions reached 4000% APR. After refusing for many years to interfere with the credit price and other aspects of the HCSTC business’ practices, the Government since 2014 started to impose certain regulatory restrictions on the sector including a cost cap, January 2015, on what HCSTC providers can charge. This article argues that the FCA’s credit cost cap and other regulatory measures taken since 2014 signify an important shift in the regulatory approach to HCSTC. It argues that the neoliberal ‘law and economics’ theoretical paradigm is no longer the foundation of the regulatory framework. Instead, the Government has shifted towards a Polanyian ‘law and society’ based approach, which is attentive to the vulnerability of HCSTC consumers and consequently more capable of protecting them. This article concludes by arguing how this newly adopted approach can be further advanced.
机译：在2008年金融危机之后，英国的消费信贷市场见证了高成本短期信贷（HCSTC）供应商的数量激增，这些供应商承诺可以轻松获得信贷而不会造成信贷历史的复杂化。这种慷慨的举动付出了很高的代价，在某些情况下达到了4000％的年利率。自多年以来一直拒绝干预信用价格和HCSTC业务惯例的其他方面之后，政府自2014年起开始对该行业施加某些监管限制，包括2015年1月对HCSTC提供者可以收取的费用上限。本文认为，自2014年以来FCA的信贷成本上限和其他监管措施标志着HCSTC监管方式的重大转变。它认为，新自由主义的“法律和经济学”理论范式不再是监管框架的基础。相反，政府已转向基于波兰语的“法律与社会”方法，该方法应注意HCSTC消费者的脆弱性，因此更有能力保护他们。本文最后讨论了如何进一步推广这种新采用的方法。

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