Canada Payday Loan Laws & Legislation Update

By | Dec 16, 2009

The Province of Ontario will complete its regulation of the payday loan and cash advance industry as of December 15, 2009. This includes includes a maximum rate of $21 per $100 loaned. Included in the new regulations are strong consumer protections in conjunction with good, solid, and fair enabling legislation thus assuring the future of the payday loan industry in Ontario.

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Payday Loans Ontario Canada Board Recommends $21 per $100 Loaned

By | Feb 7, 2009

An independent advisory board has determined that the Ontario Province of Canada should place a maximum interest rate on all payday loans conducted in Ontario at $21 per $100 loaned.

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