Payday Lending and Debt rounds: the Act to get rid of Predatory Lending and Criminal rates of interest

Payday Lending and Debt rounds: the Act to get rid of Predatory Lending and Criminal rates of interest

Throughout the last ten years, the excessive rates of interest charged on payday advances have now been the topic of multiple class action proceedings against payday loan providers in provinces across Canada.

In younger v Dollar Financial Group Inc., 2012 ABQB 601 (“Young”), the defendants, nationwide cash Mart Co. Continua la lectura de Payday Lending and Debt rounds: the Act to get rid of Predatory Lending and Criminal rates of interest