This book analyzes the highly contentious payday lending industry, presenting valuable new data collected during Canada's recent regulatory reviews and demonstrating its relevance to payday lending conversations taking place worldwide. The authors treat the industry with a balanced hand by establishing its importance as an example of financialization and acknowledging the complex impact of payday lending services on low-income and credit-constrained clients. Up-to-date data from an interdisciplinary mix of financial, econometric, legal, behavioral economic, and socioeconomic sources—all in the context of an established Canadian industry—provide both proponents and opponents of payday lending with valuable evidence for their discussions of how much regulation is required to minimize harmful consequences. These insights from Canada expand a US-centric conversation and provide a key resource for the growing list of countries in which the industry is present, from the UK and Poland to South Africa and Australia.

This book examines financial vulnerability: a state in which a person or household cannot absorb any substantial spending or negative income shock without substantial financial and ultimately broader harm such as job loss, emotional harm, or mental illness. The focus of the book is on the experiences of low- income and modest income Canadian families – families which, by virtue of being in the lower income brackets, are particularly at risk of experiencing financial hardship. Looking at vulnerability from a conceptual and empirical lens, this book offers a framework to better understand the complex and interdependent ways in which financial vulnerability emerge and can be addressed. By locating its analysis of individual and household financial management in wider community, cultural, and economic contexts, this book seeks to offer holistic policy recommendations to reduce financial vulnerability, with implications that go beyond Canada and to other developed countries.

Payday Lending looks at the growth of the high cost credit industry from the early payday lending industry in the early 1990s to its development in the US as a highly profitable industry around the world.

The mobility of people, objects, information, ideas, services, and capital has reached levels unprecedented in human history. Such forms of mobility are manifested in continued advances in communication and transportation capacities, in the growing use of digital and biometric technologies, in the movements of Indigenous, migrant, and women's groups, and in the expansion of global capitalism into remote parts of the world. Mobilities, Knowledge, and Social Justice demonstrates how knowledge is mobilized and how people shape, and are shaped by, matters of mobility. Richly detailed and illuminating essays reveal the ways in which issues of mobility are at the centre of debates, ranging from practices of belonging to war and border security measures, from gender, race, and class matters to governance and international trade, and from citizenship and immigration policies to human rights. Contributors analyze how particular forms of mobility generate specific types of knowledge and give rise to claims for social justice. This collection reconsiders mobility as a key term in the social sciences and humanities by delineating new ways of understanding how mobility informs and shapes lives as well as social, cultural, and political relations within, across, and beyond states. Contributors include Rob Aitken (Alberta), Tanya Basok (Windsor), Janine Brodie (Alberta), William Coleman (Waterloo), Ronjon Paul Datta (Alberta), Karl Froschauer (Simon Fraser), Daniel Gorman (Waterloo), Amanda Grzyb (Western), Suzan Ilcan (Waterloo), Eleonore Kofman (Middlesex), Anita Lacey (Auckland), Theresa McCarthy (Buffalo), Daniel J. Paré (Ottawa), Nicola Piper (Sydney), Parvati Raghuram (Open), Kim Rygiel (Wilfrid Laurier), Leslie Regan Shade (Toronto), Sandra Smeltzer (Western ), Daiva Stasiulis (Carleton), Myra Tawfik (Windsor), and Lloyd Wong (Calgary).

The authors explore the role of educational research in uncertain, risky times. Theoretical arguments and empirical examples of the in-situ development of research practices in Australia, Canada, Finland and Norway are provided, arising from reflection upon and dialogue about researching practices with particular groups.

All over the world, Black and racialized women engage in the solidarity economy through what is known as mutual aid financing. Formally referred to as rotating savings and credit associations (ROSCAs), these institutions are purposefully informal to support the women’s livelihoods and social needs, and they act to reject tiered forms of neo-liberal development. The Banker Ladies – a term coined by women in the Black diaspora – are individuals that voluntarily organize ROSCAs for self-sufficiency and are intentional in their politicized economic co-operation to counter business exclusion. Caroline Shenaz Hossein reveals how Black women redefine the banking co-operative sector to be inclusive of informal institutions that are democratic and focused on group consensus, and which build an activist form of economic co-operation that is intent on making social profitability the norm. The book examines the ways in which diasporic Black women, who organize mutual aid, receive little to no attention. Unapologetically biased towards a group of women who have been purposely sidelined and put down for what they do, The Banker Ladies highlights how, in order to educate oneself about their contributions to politics and economics, it is imperative to listen to the voices of hundreds of Black women in charge of financial services for their communities.

WINNER of the BISA IPEG Book Prize 2015 http://www.bisa-ipeg.org/ipeg-book-prize-2015-winner-announced/ Under the rubric of ‘financial inclusion’, lending to the poor –in both the global North and global South –has become a highly lucrative and rapidly expanding industry since the 1990s. A key inquiry of this book is what is ‘the financial’ in which the poor are asked to join. Instead of embracing the mainstream position that financial inclusion is a natural, inevitable and mutually beneficial arrangement, Debtfare States and the Poverty Industry suggests that the structural violence inherent to neoliberalism and credit-led accumulation have created and normalized a reality in which the working poor can no longer afford to live without expensive credit. The book further transcends economic treatments of credit and debt by revealing how the poverty industry is extricably linked to the social power of money, the paradoxes in credit-led accumulation, and ‘debtfarism’. The latter refers to rhetorical and regulatory forms of governance that mediate and facilitate the expansion of the poverty industry and the reliance of the poor on credit to augment/replace their wages. Through a historically grounded analysis, the author examines various dimensions of the poverty industry ranging from the credit card, payday loan, and student loan industries in the United States to micro-lending and low-income housing finance industries in Mexico. Providing a much-needed theorization of the politics of debt, Debtfare States and the Poverty Industry has wider implications of the increasing dependence of the poor on consumer credit across the globe, this book will be of very strong interest to students and scholars of Global Political Economy, Finance, Development Studies, Geography, Law, History, and Sociology. The Open Access version of this book, available at http://www.taylorfrancis.com/books/e/9781315761954, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license. https://www.youtube.com/watch?v=2lU6PHjyOzU