Sudbury town councillor desires more regulation of ‘predatory’ payday loan providers

Sudbury town councillor desires more regulation of ‘predatory’ payday loan providers

Ian Campbell CTV News Northern Ontario Videojournalist

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SUDBURY — Payday loan providers have already been a basic on Sudbury roads for sometime now, but things could alter if Geoff McCausland’s motion passes at council week that is next.

The Sudbury town councillor desires town staff to appear into laws surrounding the industry and report returning to council. Staff’s findings may lead to extra laws for future pay day loan outlets, including room between establishments and making certain they truly are maybe not situated near social services.

“A few online payday loans Indiana months ago there clearly was a billboard while you went in to the Donovan — and that is among the areas that we represent — therefore the billboard had been for payday advances,” McCausland stated. “Payday loans in several ways serve an objective for some people, however they are additionally a kind of predatory financing for other individuals — and often probably the most susceptible individuals inside our community. Continue reading “Sudbury town councillor desires more regulation of ‘predatory’ payday loan providers”