The report analyzes online payday lending business models and proposes a framework for determining the cost of credit cap. The framework aims to balance the lender's costs and provide affordable loans for borrowers. The Association of Chartered Certified Accountants (ACCA) is a global organization for professional accountants that aims to offer business-relevant qualifications to people worldwide. It has a history of promoting diversity, innovation, integrity, accountability, and opportunity. The organization works to develop capacity in the profession and encourage the adoption of consistent global standards. It supports its members and students in 173 countries and helps them develop successful careers in accounting and business. The report suggests that payday lending is a broken market and proposes a framework to fix it.
