Search

UEL bans payday loans companies from campuses in Stratford and Docklands

PUBLISHED: 14:11 04 March 2013 | UPDATED: 14:11 04 March 2013

The University of East London (UEL) has banned payday loans companies from advertising to their students.

All promotional materials - including leaflets, posters, and adverts - have been removed from the university’s campuses in Stratford and the Docklands as part of a bold new campaign to protect financially vulnerable students.

UEL has teamed up with the National Union of Students (NUS) and Movement for Change who lobby for a cap on the amount of interest payday lenders can charge.

Another factor in UEL’s decision to ban the quick-cash companies is the 2,000 students at the university with dependent children - a group they say is commonly targeted by advertisers.

Speaking at the campaign launch, Peter Mercer, NUS Vice President, said: “Payday lenders try to present themselves as some kind of alternative to government-backed student loans but in reality short-term borrowing often makes students’ financial situation worse rather than better.

“Unscrupulous lenders targeting vulnerable students and other low earners need to be controlled and I am really pleased UEL has launched this campaign, which will help protect its students against the plethora of payday lenders we now see operating within our local communities, high streets and on the internet.”

Latest East London News Stories

Yesterday, 18:00

Live TV cameras are going behind the scenes at the Royal London Hospital to record how surgeons operate.

Yesterday, 15:41

A serving East London police officer in the has been found guilty of allowing laundered money to be held in his bank account.

Yesterday, 07:00

NHS staff at hospitals across east London are almost twice as likely to be victims of abuse as the national average, according to the results of an England-wide healthcare survey.

Sunday, November 11, 2018

Seafarers past and present fell silent in Tower Hamlets this morning to remember those killed and lost in war, commemorating a century since Armistice Day.

Sunday, November 11, 2018

When the alarms sounded to let people know the war had ended many thought they were under attack.

Sunday, November 11, 2018

Letters, contributions and comments sent in to the Advertiser this week.

Saturday, November 10, 2018

Jamie Brown, of Archant Local Impact, explains how to make your business stand out from the crowd

Saturday, November 10, 2018

Carol Dodson never knew her uncles William and Alfred. Both died in their twenties fighting in the war.

PROMOTED CONTENT

Are you a landlord looking for a fixed rental income, paid whether the property is empty or not? Steve Westley, general manager at estate agents Elliot Leigh, explains their Guaranteed Rent Scheme and how it takes the stress out of letting your property.

Newsletter Sign Up

East London Advertiser twice-weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most read news

Show Job Lists

Digital Edition

cover

Enjoy the
Docklands and East London Advertiser
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now