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Yes, We Now Have A Payday Loan Crisis

Yes, We Now Have A Payday Loan Crisis

Ted Michalos: Congratulations.

Doug Hoyes: therefore, lets focus on a number of the history. In 2008 the us government of Ontario introduced the pay day loans function to manage cash advance loan providers. Before that the sole legislation had been the Criminal Code of Canada, which of program ended up being legislation that is federal.

In 2016 the Ontario federal federal federal government introduced Bill 156, the choice economic services statute legislation amendment work they proposed various changes to the payday loans act, including limits on how many payday loans you could get in a certain period of time, obviously to prevent multiple repeat payday loans because they like simple titles, where. Read the rest of this entry »