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Restricting Payday Loans

Restricting Payday Loans Ineffective in Reducing Poverty

on July 11th, 2016 by The Afro News

Competition within this completely legal industry would ensure reasonable interest rates for marginalized clients Calgary has restricted the number of payday lenders that can operate in a given area. This new bylaw is not based on evidence or sound economic reasoning, but on the subjective ideologies of councillors. This policy may seem to benefit “marginalized”

Filed under: Business, Canadian News, Finance, The Bridge Tagged as: Reducing Poverty, Restricting Payday Loans, welfare
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