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Reload this Page Payday Loans Regulation in Ontario
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  #1  
Old 03-16-2009, 02:29 PM
trent trent is offline
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Default Payday Loans Regulation in Ontario
Starting April 1st consumers taking out payday loans in Ontario can be charged a maximum of $21 for every $100 borrowed. The provincial officials announced that the new regulations were introduced to protect consumers. There is a new requirement for all payday loan lenders to be licensed.
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Old 03-17-2009, 02:32 PM
bullish bullish is offline
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This is good news, and should have been done a long time ago. Payday loans are evil.
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Old 03-18-2009, 01:40 PM
trent trent is offline
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Originally Posted by bullish View Post
This is good news, and should have been done a long time ago. Payday loans are evil.
I also don't like payday loans, however government regulation is rarely good.
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Old 03-24-2009, 02:38 PM
Canadian Canadian is offline
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I also hate government regulation in general, but some things like payday loans and predatory lending need to be regulated or banned.
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Old 03-25-2009, 08:02 PM
Steven Steven is offline
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I've never taken out a payday loan, but I know people who have and I also think that heavily regulating payday loans is a good thing.
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Old 03-26-2009, 02:30 PM
bullish bullish is offline
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I also hate government regulation in general, but some things like payday loans and predatory lending need to be regulated or banned.
This is the only thing I agree with you on.
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  #7  
Old 04-08-2009, 07:35 PM
heyjude heyjude is offline
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Payday loans are something that you should avoid taking at any cost. I hope I will never have to be forced to take a payday loan. It is good that there is a regulation now...
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