Skip navigation

 Login or Register | Member Centre

Ottawa takes aim at payday loan industry

Globe and Mail Update

Toews, Bernier table amendments designed to give provinces, territories flexibility in dealing situation ...Read the full article

This conversation is closed

  1. J Norman from Edmonton, Canada writes: How about they just enforce section 347 and put these shady operations that refuse to lower their fees to a reasonable level out of business?
  2. Just Canadian from Ottawa, Canada writes: Payday loans is a scam to rob the poor... The government should have acted against this years ago... I hope they get it right, although I strongly doubt it.
  3. Peter Cox from Toronto, Canada writes: Fianlly after all these years of Liberal inaction on this issue, the Conservatives are finally doing something about it!
  4. Renaissance Man from erie shore, Canada writes: Dude works through a temp agency, sporadically, makes not much more than minimum wage, has a wife, 2 kids, and comes out to find his battery dead. Think a bank will lend him $100 for a week? Think he qualifies for a credit card or LOC? Would you rather he pay a lender $20 for the service, or would you rather he lose the job and end up on social assistance? That type of lender has atrocious losses. Somebody has to pay.

Comments are closed

Thanks for your interest in commenting on this article, however we are no longer accepting submissions. If you would like, you may send a letter to the editor.

Report an abusive comment to our editorial staff

close

Alert us about this comment

Please let us know if this reader’s comment breaks the editor's rules and is obscene, abusive, threatening, unlawful, harassing, defamatory, profane or racially offensive by selecting the appropriate option to describe the problem.

Do not use this to complain about comments that don’t break the rules, for example those comments that you disagree with or contain spelling errors or multiple postings.

Back to top