Ted Michalos: Congratulations.
Doug Hoyes: therefore, let’s focus on a few of the back ground. In 2008 the us government of Ontario introduced the payday advances function to modify pay day loan loan providers. Before that the only real legislation ended up being the Criminal Code of Canada, which of program had been legislation that is federal.
In 2016 the Ontario federal federal government introduced Bill 156, the choice economic solutions statute legislation amendment work they proposed various changes to the payday loans act, including limits on how many payday loans you could get in a certain period of time, https://titlemax.us obviously to prevent multiple repeat payday loans because they like simple titles, where. Continue reading “Yes, We Now Have A Payday Loan Crisis”