Both Alberta and you will Ontario made tall decrease on rates between 2015 and you can 2018
By far the most generous change to pay-day financing guidelines from inside the Ontario has become a decrease in the interest rate you to pay day lenders try permitted to charges. dos Which lose are substantial, supposed off $21 for every $one hundred borrowed (in 2015) so you can $fifteen each $a hundred (when you look at the 2018). 3 Expressed given that an apr, it indicates a fall off 766.5 per cent Annual percentage rate to a different price of 547.5 % Apr. (more…)