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Public Interest News: Sept. 2008 – Feb. 2009

Astronomical Ontario payday loan cost cap: PIAC (PIAC-10/02/09) “Ontario should cap the cost of payday loans at $21 for every $100 borrowed and review that limit in two years, an independent advisory board has concluded,” the Canadian Press reported on Feb. 6. “The $21 proposal is “astronomically high” and a “gift to payday lenders,” said […]

https://www.piac.ca/research-reports/public-interest-news-sept-2008-feb-2009/

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