Canadian Provinces To Control Payday Loans

Historical archive, first published 2005 — payday-lending laws and rates have changed since. Preserved for the record.

Winnipeg, Canada — After months of lobbying, the Canadian federal government has agreed to give the provinces the power to crackdown on the payday loan industry.

Amendments will be made to the criminal code this fall that gives provinces the right to enforce maximum interest raes and fees.