Payday Loans, October 1 2020

Payday Loans, October 1 2020

A letter was sent to the Hon. Lisa Thompson, Minister of Government and Consumer Services, requesting more information on the Government’s plan to educate the public about the practices of payday loan companies, while also acknowledging the new legislation that specifies a maximum interest rate of 2.5% per month. Information about payday loans is displayed on the Ontario Government website and can be viewed here.