An indicator marketing payday advances is observed at money Canada in Edmonton, Alta., on Oct. 7, 2015. Codie McLachlan / Postmedia, file
Pay day loan licences have actually fallen by significantly more than one-quarter since the NDP government enacted stricter guidelines for loan providers in 2016 and more brick-and-mortar shops might be shuttering within the next one year, warns the elected president associated with industry relationship.
Just before Bill 15, also referred to as the Act to finish Predatory Lending, cash advance businesses had about 230 licensed shops in Alberta. Continue reading Stricter rules force closure of Alberta payday lending shops, claims industry employer