Clamping Down On Payday Advances & Regulating Alternative Lenders

Clamping Down On Payday Advances & Regulating Alternative Lenders

Recently, the Ontario Ministry of national and Consumer Services (Ministry) asked interested events to submit their tips about potential methods to strengthen customer security for many people who can use alternate monetary solutions (AFS) such as for example pay day loans and quick cash installment loans, along with those that might find themselves dealing with loan companies.

As you of Ontario’s largest individual insolvency companies, we come across first-hand the devastating monetary impact the exorbitant utilization of high-cost, subprime borrowing products is wearing every single day Canadians. Continue reading “Clamping Down On Payday Advances & Regulating Alternative Lenders”