Monthly Archives: June 2011

Toronto payday loans are under new government scrutiny

Posted on June 22, 2011 by Alexander Alvi

According a report by the CBC, payday lenders in Ontario are under increased scrutiny by the government for using a loophole to escape the maximum fees set under the recent payday loan legislation.  Although the legislation sets a maximum of … Continue reading →

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Annual Percentage Rate (APR)

Posted on June 4, 2011 by Alexander Alvi

One thing that most provinces have in common is the requirement to post the interest rate for payday loans in a standardized form so that the consumer can compare different lenders’ products.  The most common measure is Annual Percentage Rate, … Continue reading →

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