No ban of pay day loans: Alberta minister

CALGARY – Payday loan providers won’t be banned under overview of the industry because of the Alberta federal federal government despite issues about high interest levels charged by providers.

“The federal federal government of Alberta will not ban lenders that are payday” Service Alberta Minister Deron Bilous stated Wednesday.

“We don’t want to operate a vehicle them underground,” he said. “We understand from speaking with organizations that you’re actually doing the alternative of consumer protection them underground if you drive. They’re a whole lot more dangerous when they’re unlawful.”

The legislation that is current which expires June 30, regulates loan providers that provide short-term credit to those who typically borrow smaller amounts. (más…)

Este sitio web utiliza cookies para que usted tenga la mejor experiencia de usuario. Si continúa navegando está dando su consentimiento para la aceptación de las mencionadas cookies y la aceptación de nuestra política de cookies, pinche el enlace para mayor información.plugin cookies

Aviso de cookies