In this paper, Cardus continues its multi-year research of this pay day loan market in Canada and evaluates which policies will work, that aren’t, and just exactly what yet stays unknown about pay day loans, customer behaviour, together with effect of federal federal federal government regulation regarding the supply and need for small-dollar loans. The lending that is payday in Canada is evolving. Provinces across Canada have actually lowered rates of interest and changed the guidelines for small-dollar loans. The aim of these policies is always to protect customers from unscrupulous lenders, and also to minmise the possibility of borrowers getting caught when you look at the cycle of financial obligation. Just just What spent some time working, and just just what hasn’t? In this paper, Cardus continues its multi-year research for the pay day loan market in Canada and evaluates which policies are working, that are not, and exactly exactly exactly what yet stays unknown about pay day loans, customer behavior, while the effect of federal federal federal government legislation on the supply and interest in small-dollar loans. Continue reading “The Changing Face of Payday Lending in Canada. In this paper, Cardus continues its…”