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Canadian Press/Justin Tang
Obviously we should all do our best to live within our means and pay off our other debt, but if you have lost your job, or had a medical issue, or have gone through a divorce you may have more debt than you can handle, which is why an increasing number of Canadians are turning to solutions like a consumer proposal. What should the Ontario government have done to help address the specific problem of payday loans?
Union pushes for banking services at the post office.
Payday lenders call it "discriminatory and a form of censorship."
TORONTO - Money Mart is defending its practice of exchanging cash for gift cards at half of their face value as a "convenient" service.The payday loan company hired a New York public relations firm to...
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While the concerns regarding the potential negative impact of certain high interest loans are legitimate, the debate has failed to consider the context in which high interest loans exist. It is too simple to label a loan "high interest" by looking only at the annualized interest rate. There are many other factors that determine the true cost of borrowing.
EDMONTON - The Cash Store Financial Services Inc. (TSX:CSF) says it will request a hearing before Ontario's Licence Appeal Tribunal in response to government pressure on its lending businesses.The com...