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Payday advances victimize poor folk and individuals in hopeless straits

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Payday advances victimize poor folk and individuals in hopeless straits

1. Payday advances therefore the vampire squid

The energy and Review Board try keeping a hearing in the loan industry that is payday. The markets is wanting to obtain the UARB to accomplish away with all the requirement that cash advance operators have brick-and-mortar that is physical when you look at the province, arguing that they’re being changed by unlicensed overseas loan operations that run online.

Customer advocates, meanwhile, is asking that the UARB rein in Nova Scotia’s pay day loan prices, that are the best in Canada. Read More

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