Category Archives: Riverbend Cash Installment Loans

Pay Day Loans Bill Will Crack Down On ‘Predatory Lending’ In Alberta

Pay Day Loans Bill Will Crack Down On ‘Predatory Lending’ In Alberta

But, the industry has issues on the title for the bill.

EDMONTON — Alberta’s NDP federal government claims it intends to introduce a bill to split straight down on pay day loan businesses.

An Act to get rid of Predatory Lending would protect susceptible individuals from having to pay exploitative rates of interest on payday advances and spiralling into poverty, provider Alberta Minister Stephanie McLean stated Wednesday.

“Albertans, a lot more than ever, are having to make certain that their funds are very well handled and that means they are able to place meals to their tables and purchase the roofs over their minds,” she stated. Continue reading Pay Day Loans Bill Will Crack Down On ‘Predatory Lending’ In Alberta