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B.C. To reduce maximum cost for borrowing pay day loans

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B.C. To reduce maximum cost for borrowing pay day loans

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At the time of Sept. First, 2018, payday loan providers will simply have the ability to charge $15 for virtually any $100 lent, matching Ontario’s maximum charge Dan Kitwood / Getty Images

The government that is provincial on Monday a number of measures to tighten up guidelines on payday-lending methods, which include reducing the maximum cost loan providers may charge.

At the time of Sept.Read More »B.C. To reduce maximum cost for borrowing pay day loans