This is a strange story. Dundee libraries blocking an FSA compliant and fully legal company from their computers.
It's sad that despite taxpayers pumping £400Bn into our banks people still can't get access to bank loans and have to use payday loan companies to survive.
People will still need to use payday loan companies so will use a friend's computer or one of the other companies instead.
Just more hassle for people trying to survive.
With the scourge of drugs in Dundee and the frequent deaths due to drugs I wonder if HSBC are blocked as well ? They were recently fined $1.9Bn dollars for laundering $9Bn of drug money. Without the help of the banks there would be hardly any drug problem as there would be no means to finance the operation on such a worldwide scale. Of course other banks have taken up the slack from HSBC but that's another long story.
The US investigation into HSBC found that drug dealers would sometimes come to HSBC's Mexican branches and "deposit hundreds of thousands of dollars in cash, in a single day, into a single account, using boxes designed to fit the precise dimensions of the teller windows."
It goes without saying that nobody at the bank was prosecuted although it "agreed to partially defer bonus compensation for its most senior officials"
Maybe they've blocked Barclays bank who were recently fined £290m for fixing libor rates that determine things such as the mortgage interest rate people pay. They were doing this from as early as 2005.
Traders would fix the rate in order to ensure their bonuses were safe. Handing over bottles of bollinger as a thank you.
One Barclays trader told a trader from another bank in relation to three-month dollar Libor: "duuuude... what's up with ur guys 34.5 3m fix... tell him to get it up!".
Millions of people have / will lose their houses due to rates that were artificial forcing many to lose their credit rating and be forced to use payday loan companies such as Wonga instead.