Moneylending

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Moneylending is a trade in which money is lent to individuals and corporations. It can be seen as a primitive form of banking.

Even though the banking system is well established in the modern era, moneylenders are still common. They sometimes lend to people like gamblers and compulsive shoppers who often get into debt.

The regulation of moneylenders is typically much looser than that of banks. In Japan, Moneylending Control Law requires only registration in each prefecture.

[edit] Consumer loan companies

Consumer loan companies are those that provide a moneylending service to individual consumers and small companies rather than to big corporations. Unlike banks, their service is limited to moneylending because banks are usually reluctant to lend money to individuals.