Ontario Payday Loan Restrictions Coming into Force

But Nanny State Leanings Make it All Ridiculous
When it comes to short-term consumer lending, few products are as quick and convenient as a payday loan. The bulk of payday loan companies in Canada operate within the bounds of established governmental guidelines into order to provide consumers with a safe, affordable [...]

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It's all well and good when you're seven, but Ontario wants to nanny its payday loan customers so they don't have to be responsible. (Photo: flickr.com)
Tuesday, October 20th, 2009 by
Steven Tarlow

Lawmakers, Church Groups Seek to Regulate Payday Loans

British Columbia pushes for reform
It seems the United States isn’t the only country whose lawmakers are pushing for payday loan legislation. Regulators is British Columbia, Canada, are also seeking to put a cap on interest rates on payday loans.
Lower interest caps
The regulations sought in British Columbia are even more stringent [...]

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Monday, March 2nd, 2009 by
Elizabeth Fairchild

Payday Loans Measure Introduced in Utah

Bill calls for interest rate cap

Following the introduction of a bill involving payday loans in Utah, an editorial in the Deseret News discusses the topic. The bill seeks to put a 100 percent annual interest rate cap on payday loans. Here are some snippets from the commentary piece.
Not big fans
The [...]

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Theres a buzz going around Utah about the payday loans industry.
Saturday, February 21st, 2009 by
Elizabeth Fairchild