The Consultation Paper considers a regulatory framework for high-cost financing that is much like the lending regime that is payday.
We identify underneath the key areas of the proposition as well as contrast purposes have actually supplied some details regarding QuГ©bec’s framework.
Disclosure demands: The Ministry proposes improved needs for loan providers to reveal and review crucial conditions and terms of high-cost credit agreements with borrowers to make certain clear, simple and easy clear disclosure of costs, costs along with other key loan features. Continue Reading