Monthly Archives: June 2011

Toronto payday loans are under new government scrutiny

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)

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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