No ban of pay day loans: Alberta minister

No ban of pay day loans: Alberta minister

CALGARY – Payday loan providers won’t be prohibited under overview of the industry because of the Alberta federal government despite issues about high interest levels charged by providers.

“The federal government of Alberta will not ban payday lenders,” Service Alberta Minister Deron Bilous stated Wednesday.

“We don’t want to drive them underground,” he said. “We understand from speaking with organizations that you’re actually doing the alternative of consumer security them underground if you drive. دنباله این نوشته …