New guidelines restriction location, amount of pay day loan organizations in Kingston
The town of Kingston is using actions to restrict the quantity and location of pay day loan businesses also to teach customers concerning the possible drawback of taking short-term, high interest loans.
In another of their last functions prior to the municipal election, city councillors authorized a brand new bylaw on Oct. 2 that aims to manage pay day loan shops within municipal boundaries.
The modifications had been permitted after the passage through of provincial amendments in Bill 59, which expands authority that is municipal cash advance establishments.
While Kingston has relocated swiftly to impose regional rules, Hamilton had been the city that is first control about 30 such organizations running within its town limitations. Hamilton hopes to eventually whittle down the number to 15. Other towns and cities will be looking at comparable bylaws. Read More →