Payday loans in Australia
The growth of this market mirrors the growth in Canada, the United Kingdom, and the United States. Because the market for small loans is becoming more defined, the regulatory authorities and the larger financial organizations are beginning to take a much closer interest.
Most fringe lending is now covered by the Uniform Consumer Credit Code (UCCC); but, in the past this industry was not very highly regulated, and some lenders still continue to use loopholes to avoid the UCCC. A report from 4 Corners found that some lenders utilise bait and switch methods to circumvent laws regarding establishment fees and interest. Payday lenders have also come under fire due to accusations of predatory lending and charging excessively high interest rates.
Australia has a payday loan fee cap of 24% per $100 borrowed, made up of a 20% establishment fee and a 4% monthly fee. 
- Eyers, James. "Payday lenders on notice that ASIC ready to take action". Sydney Morning Herald. Retrieved 29 June 2015.
- The Uniform Consumer Credit Code, Australia
- Long, Stephen; Richards, Deborah. "Game of Loans". 4Corners. Retrieved 25 May 2015.
- Green, Shane. "Disadvantaged caught in the lender trap". Sydney Morning Herald. Retrieved 25 May 2015.
- Payday loan fee caps