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CalgaryРІР‚в„ўs tussle along with the issue comes as the city is going to implement a poverty-reduction work, which include identified a lending that is payday while you solution that is feasible.

CalgaryРІР‚в„ўs tussle along with the issue comes as the city is going to implement a poverty-reduction work, which include identified a lending that is payday while you solution that is feasible.

In Canada, some communities that are grouped clamping down – hard.

Last four weeks, Maple Ridge, B.C., banned brand brand new payday lenders from developing store. Surrey, B.C., amended its bylaw to require at the least 400 metres separation between payday storefronts, while Burnaby, B.C., is considering limitations on areas and brand name brand new outlets. “They’re legalized loan sharks,” claims Burnaby city Councillor Nick Volkow.

Meanwhile, Nova Scotia tightened costs last four weeks, to $22 per $100 loan from $25, as an investigation suggested that over 50 % – and growing – of those loans given had been duplicate loans. (more…)

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