Provinces move ahead payday lending
- By Donalee Moulton
- 31, 2007 July 31, 2007 july
- 09 39
The wheels of federal government usually do not constantly grind gradually. The right to regulate the payday-lending industry in fact, Ottawa has introduced, passed and proclaimed legislation вЂ” in seemingly record-breaking time вЂ” that gives provinces.
Some provincial governments didnвЂ™t also wait for brand new act that is federal receive royal assent before launching their legislation.
Both degrees of government state their fast reaction reflects the have to protect consumers across Canada while fostering development of a burgeoning portion associated with monetary solutions industry.