UPDATE: Manitoba government defies court, caps payday loans

Paul Turenne of the Winnipeg Sun reports that the Manitoba government will cap payday loans in a move that defies the Court of Appeal’s ruling regarding the fairness of such a cap. In theory, this will prevent payday loan companies from challenging the cap in court. To read about the [...]

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Thursday, January 8th, 2009 by
Steven Tarlow

Court Rules For Payday Loans in Manitoba

Recent developments in the Canadian province of Manitoba bode well for the continued use of payday loans as a product for discerning consumers who appreciate financial freedom and convenience. People who need cash help from time to time during budget shortfalls will be the most deserving beneficiaries.
What happened?
The Manitoba Court [...]

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Thursday, January 8th, 2009 by
Steven Tarlow