Pay day loans in disguise?
HereвЂ™s an upgrade to an account we penned in March in the ongoing war between your federal government of Ontario and money shop Financial Inc., among the two biggest pay day loan providers in Canada.
In February, the province relocated to remove money StoreвЂ™s payday loan permit, claiming the costs it charges clients greatly surpass the restrictions founded by provincial legislation. The bucks Store is appealing that move. However in the meantime, it is additionally providing a brand new item so it hopes will need it self out of provincial jurisdiction totally: in the place of вЂњpayday loans,вЂќ it is now providing вЂњlines of credit.вЂќ This is from my original tale: