Alberta moves to get rid of ‘predatory’ payday advance loan
Express:
Performing on a pledge to get rid of loan service that keep numerous Albertans in a vicious loop of financial obligation, the NDP authorities features launched it’s got reduced the rate of interest on payday loans and concluded concealed charge and expense.
On August 1, the Alberta federal government reduced the interest rate from $23 per $100 borrowed down to $15 per $100 lent, making it the lowest borrowing from the bank rate in the nation. Continue Reading
