Payday lending is just a huge problem for lots of people and thereвЂ™s been sufficient discussion about whether or not these firmsвЂ™ tasks must certanly be better managed. Should they is not banned outright, could it be maybe possible that more oversight and guidelines to safeguard susceptible individuals could possibly be implemented? Certain regional politicians have actually taken on this cause, such as for instance Hamilton city councillor Matthew Green, plus the topic happens to be a matter that is topical numerous municipal administrations across Ontario and beyond.
The Ontario government has released proposed amendments to the Payday Loans Act in response to these concerns over the payday lending industry. Continue reading “Ontario National Proposes Reforms to Payday Lending”