The Changing Face of Payday Financing in Canada

The Changing Face of Payday Financing in Canada

In this papers, Cardus continues their multi-year learn of this loan that is payday in Canada and evaluates which policies will work, that are not, and just just what yet stays unknown about payday advances, customer behavior, and also the influence of national legislation from the provide and interest in small-dollar loans.

Executive Overview

The lending that is payday in Canada are changing. Provinces across Canada have lowered rates of interest and changed the guidelines for small-dollar loans. The purpose of these policies would be to protect people from unscrupulous loan providers, and also to minmise the possibility of borrowers getting caught within the period of financial obligation. Read More