Archive for the ‘Native American Payday Loans’ Category

Bill 156 – Is This The Cash Advance Regulation We Truly Need?

Mittwoch, Januar 22nd, 2020

Bill 156 – Is This The Cash Advance Regulation We Truly Need?

It’s no key that pay day loans charge an interest rate that is outrageously high. In Ontario, at the time of 2018, payday lenders may charge $15 for $100. Invest the away an innovative new $100 loan every two days, you’d spend $390 per year, that’s an interest is 390% on a yearly foundation. And therein lies the issue with your kinds of loans. But exactly what could be the solution?

On today’s podcast, we talk to Jonathan Bishop, a study and Parliamentary Analyst during the Public Interest Advocacy Centre (PIAC) about Bill 156 and payday loan legislation. The PIAC is really an organization that is non-profit conducts research into public service conditions that affect consumers. (mehr …)