News About the Ever-Changing Payday Advance Industry
Section
During their lunch hour Friday, nore than a dozen people gathered at a Scarborough Money Mart store to protest high interest rates. The demonstration at 2377 Eglinton Ave. E. near Kennedy Road was one of more than 30 across North America…
NDP MP Pat Martin (Winnipeg Centre) isn’t a huge fan of the payday advance industry. Of lenders that provide these loans, he said:
The Dollar Financial Group has acquired 11 payday loan stores in western Canada and will soon complete deals for two more in the region, the Philadelphia Business Journal said Monday.
The provincial government is investing in a project to assist low-income people in managing their money in an attempt to tackle the problem of payday lending companies that provide short-term cash advances at high interest rates.
The Toronto Star reports that this week was not a good one for National Money Mart, a Canadian company that sells itself as a convenient means for real people to get fast cash.
Thunder Bay, Ontario — There's been a class action lawsuit against the parent company of the two former Instaloans in Thunder Bay.
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.
Ottawa, Canada — According to a recent poll, Canadians don't know the true cost of using payday loan companies.