There ’s merit in payday loans, and the government’s new rules do little to help

Brian Dijkema is vice-president of external affairs at the Canadian think tank Cardus. Johanna Lewis is a researcher at Cardus. Interest rates are on the rise. Or are they? While rates for most borrowers grew over the past two years, payday-loan rates (loans of $1500 or less, for terms of 62 days…#briandijkema #johannalewis #cardus #manitoba #novascotia #princeedwardisland #alberta #canadians #moneymart #ontario

Source: Reuters: Health - September 3, 2023 Category: Consumer Health News Source Type: news