Based on the Payday Loans Act, federally, where usury laws are 60%, they're allowed to come into inner cities and provide annualized interest at 546%. It's a profitable business, and that's why they're there.
September 27th, 2016 / 3:55 p.m.
Councillor, City of Hamilton
Based on the Payday Loans Act, federally, where usury laws are 60%, they're allowed to come into inner cities and provide annualized interest at 546%. It's a profitable business, and that's why they're there.
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