Ontario wants to deny payday licences to The Cash Store

The Ontario government’s long-running battle with payday lender The Cash Store is heating up. The province’s Registrar of Payday Loans said Thursday it has issued a proposal to refuse licences to The Cash Store and Instaloans. Both locations are operated by Edmonton-based The Cash Store Financial Services Inc. The company’s application could be refused if its past conduct suggests it will...

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Cash Store faces new payday loan rules: Roseman

You can find quick cash outlets in Toronto and other cities, even on streets with lots of bank branches. There are more than 750 payday loan storefronts in Ontario. What is the attraction? Why would people pay higher fees for credit from alternative lenders than from banks? Most payday loan customers do not lack a fixed address or a credit history. They have access to mainstream...

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Maple Ridge passes bylaw to ban payday loan businesses

Maple Ridge passed a bylaw last week to ban any more payday loan and cheque cashing businesses from opening shop in the city. The idea to ban the businesses came during councillor Tyler Shymkiw's run for election last fall, and the bylaw passed with unanimous support from the mayor and council. "Payday loans are a significant contributor to the cycle of poverty in our community, with devastating...

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