Ontario Payday did it right! Ohio should have followed their example.
Ontario Payday did it right! Ohio should have followed their example.
And yes, The legendary Naigra Falls straddles the Niagara River between Ontario and New York.
According to Investment Executive, “The Ontario government says that the new Payday Loans Act, 2008 will enhance consumer protection by licensing all payday lending industry operators and banning controversial lending practices.
Payday Lenders will be required to include all charges consumers are required to pay, a cooling-off period; and, operators will contribute to a public education fund on payday lending”.Apparently, the Canadian Payday Loan Association (CPLA) welcomed the passage of the Ontario legislation. This looks to be a good compromise for the industry. Unlike the Ohio bill that appears to be overreaching.The Ohio Payday players should have looked to the Ohio bill as an example of a “good compromise”