Ted Michalos: Congratulations.
Doug Hoyes: therefore, let’s begin with a number of the back ground. In 2008 the us government of Ontario introduced the payday advances act to manage pay day loan loan providers. Before that the sole legislation had been the Criminal Code of Canada, which of program ended up being federal legislation.
In 2016 the Ontario federal government introduced Bill 156, the alternative monetary solutions statute legislation amendment work they proposed various changes to the payday loans act, including limits on how many payday loans you could get in a certain period of time, obviously to prevent multiple repeat payday loans because they like simple titles, where. Fortsett å lese «Yes, a Payday is had by us Loan Crisis»