More strict rules push closure of Alberta payday financing sites, says sector boss
Pay day loan licences have fell by over one-quarter because the NDP government introduced stricter rules for lenders in 2016 plus brick-and-mortar shop might be shuttering throughout the then year, alerts the chairman of this market connection.
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Ahead of Bill 15, referred to as the operate to finish Predatory credit, pay day loan businesses got in regards to 230 licensed shop in Alberta. (more…)