Bill To Limit Interest At 21%

Parliament should ban interest charges over 21 percent under federal usury laws, a Senate committee has been told. A private bill would abolish higher rates charged by payday loan companies, credit card issuers, utilities and other firms: ‘Bell Aliant in Atlantic Canada has an interest rate for non-payment on time of 42%’.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Back to Top