Home В» We Blog В» Bill 156 вЂ“ Is This The Cash Advance Regulation We Truly Need?
ItвЂ™s no key that payday advances charge an outrageously high interest. In Ontario, at the time of 2018, payday loan providers may charge $15 for $100. You would pay $390 a year, thatвЂ™s an interest rate is 390% on an annual basis if you take out a new $100 loan every two weeks. And therein lies the problem by using these forms of loans. But exactly what may be the solution?
A Research and Parliamentary Analyst at the Public Interest Advocacy Centre (PIAC) about Bill 156 and pay day loan regulation on todayвЂ™s podcast, I speak with Jonathan Bishop. Continuar lendo Bill 156 вЂ“ Is This The Cash Advance Regulation We Want?