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Ontario Proposing Changes to Payday Loans, Debt Collection

Ontario Proposing Changes to Payday Loans, Debt Collection

Province Introducing Legislation to Strengthen Consumer Financial Protection December 9, 2015 9:35 A.M.   Ontario will introduce legislation to increase protections for consumers who use high-cost alternative financial services, such as payday loans, instalment loans, rent-to-own services and cheque-cashing services, and to better protect those with debts in collection. If passed, the Alternative Financial Services Statute Law Amendment Act would......