Councillors desire to pump brake system on pay day loan outlets

Councillors desire to pump brake system on pay day loan outlets

Staff seeking to see if town can suspect licences that are new

Published on 30, 2019 by oshawaexpress in CITY, NEWS october

Dave Flaherty/The Oshawa Express

After into the footsteps of Toronto, town staff could quickly be researching ways to block more “payday loan” companies from arriving at Oshawa.

At its meeting that is latest, the city’s corporate services committee directed staff to examine licensing policies for companies that offer loans to customers looking for fast cash.

Previously this Toronto city council voted to no longer provide licenses to payday loan outlets month.

Ward 1 city and councillor that is regional Neal, whom introduced the movement, stated he’s got been wanting to deal with the problem for a while now.

“I’ve been evaluating this for many years, ” Neal stated.

Neal stated these establishments are “hurting low-income individuals, by no fault of the very own. Continue reading “Councillors desire to pump brake system on pay day loan outlets”