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Calls rise for options as high-cost lenders warn coming rate cap will cut some off stalbertgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stalbertgazette.com Daily Mail and Mail on Sunday newspapers.
Some Canadians who have turned to high-interest loans due to not qualifying for traditional credit could lose access to them as the government prepares to pass new laws targeting predatory lenders, according to the Canadian Lenders Association. ....
Many Canadians May No Longer Qualify for Loans Under New Regulations, Lenders Warn theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
‘While on the surface, reducing the maximum allowable interest rate may sound helpful, this change in fact means many borrowers may no longer be able to access a loan in the future,’ letters state ....