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AAP

Business

Nyk Carnsew

Pawn loans driving the poor further into poverty: study

Lucinda OBrien

A study has revealed pawnbrokers are charging as much as 400 per cent interest on loans. (Joel Carrett/AAP PHOTOS)

Pawnbrokers are increasing the hardship of low-income Australians and should face tighter regulations, researchers say.

A recent study carried out by experts from Melbourne Law School was the first to investigate the impact of the nation's pawn industry.

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Top stories on inkl right now

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Brazil’s famously outspoken fandoms have near-unanimously rallied behind the leftwing presidential candidate. On the streets of São Paulo, they explain their mission

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Neighbors surrounded a man they accused of exposing himself to a child. Then he allegedly offered them $50K to leave him alone

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We Got This Covered

Airman who died in rappelling accident at Texas college football game identified

US military says Tech Sgt Ian Patterson was killed after he fell from rafters at University of Texas at San Antonio game

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Jailed South Korean Sect Leader Gets Another 33 Years as Senior Female Aide Is Sentenced to Seven

A South Korean court has sentenced JMS leader Jeong Myeong-seok to an additional 33 years in prison for sexual offences involving 16 female followers between 2018 and 2022.

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