Lowering the Cost of Borrowing for Payday Loans in Ontario
Ontario's Ministry of Government and Consumer Services is seeking input and comment on whether to lower the cost of borrowing a payday loan and, if so, what the maximum total cost of borrowing should be. In particular, the government outlined a series of questions intended to guide responses. Here is the Cardus response.
For access to profitability analysis based on interest rates of payday loan providers, click here.