Canada
Canadian Payday Loan Survey Shows Surprising Results
A new report out of British Columbia says the typical payday advance loan customer is employed and educated with an average income.
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Canada
Canada
Canadian Payday Loan Association Applauds New Law
The Canadian Payday Loan Association (CPLA) this week applauded the British Columbia government for passing important personal cash loan legislation that will regulate the industry and balance consumer protection with a viable industry.
Canada
Payday Loan Rules Dismissed in Canada
New rules in several provinces are supposed to protect consumers from sky-high interest rates and fees at payday loan companies, but a consumer lobby group says they will likely won’t prevent the poor from becoming trapped by crushing debt.
Canada
New Rules on Payday Loans in Ontario
People looking to take out a Canadian payday cash loan now in Ontario have a clear picture of the true cost of their decision.
Canada
British Columbia Payday Loan Bill Halted, Lender Applauds Move
“The legislation does not strike a fair balance between consumer protection and fostering a competitive lending environment. In fact, the bill as presently drafted is bad for consumers, as it will restrict the range of product offerings…
Canada
A Payday Loan Alternative in Canada: Micro-loans
They are popping up all across Hamilton. You pass half a dozen of them walking along King Street East between Wellington and James streets: storefront operations with flashy signs promoting “Instant Cash! Money Now! Cheque cashing!”
Canada
Will Canadian Payday Advance Bill Die?
The head of the association that represents 23 instant payday loan companies in Canada is concerned that legislation to regulate the industry might not pass before the end of the spring legislative session.
Canada
The True Cost of Payday Loans
Here is a recent editorial from a Canadian newspaper: