Bill-184, payday advances: a fantastic storm. Underneath the brand new guidelines, the month-to-month penalty interest that

Bill-184, payday advances: a fantastic storm. Underneath the brand new guidelines, the month-to-month penalty interest that What exactly is changing? The monthly penalty interest that lenders can charge borrowers who default on their loans will be limited to 2.5 per cent under the new rules. This rate is non-compounding and determined regarding the outstanding concept. […]