This bill does not actually set a maximum rate for payday lenders. That would leave it to the provinces to make that determination about what the maximum rate would be for payday lenders.
On December 12th, 2006. See this statement in context.
On December 12th, 2006. See this statement in context.
December 12th, 2006 / 4:05 p.m.
Senior Analyst, Consumer Policy, Office of Consumer Affairs, Department of Industry
This bill does not actually set a maximum rate for payday lenders. That would leave it to the provinces to make that determination about what the maximum rate would be for payday lenders.
See context to find out what was said next.