British Columbia cracks straight down on ‘predatory’ techniques by pay day loan organizations

British Columbia cracks straight down on ‘predatory’ techniques by pay day loan organizations

The B.C. federal federal federal government is breaking straight down on “predatory” techniques by pay day loans operations within the province.

Solicitor General Mike Farnworth introduced legislation on Tuesday that strengthens customer defenses and presents tougher guidelines on pay day loans and cheque-cashing charges.

VIEW: B.C. sets down to brand new guidelines to end predatory lending

“There is supposed to be a far better comprehension of the conditions and terms you are likely to be moving in to,” Farnworth stated. Read More