CALGARY – Payday loan providers won’t be prohibited under overview of the industry because of the Alberta federal federal government despite issues about high interest levels charged by providers.
“The federal federal government of Alberta will not ban payday loan providers,” Service Alberta Minister Deron Bilous stated Wednesday.
“We don’t want to operate a vehicle them underground,” he said. “We understand from speaking with organizations that you’re actually doing the alternative of consumer protection in the event that you drive them underground. (more…)