The Changing Face of Payday Lending in Canada. Cardus’s work with payday financing contains many different measures, which range from major research documents to policy briefs and testimony at legislative committees.

In this paper, Cardus continues its multi-year research for the cash advance market in Canada and evaluates which policies will work, that aren't, and just just what yet continues to be unknown about pay day loans, customer behavior, as well as the effect of federal government legislation in the supply and interest in small-dollar loans.

Executive Overview

The payday financing market in Canada is evolving. Provinces across Canada have actually lowered interest levels and changed the guidelines for small-dollar loans. The aim of these policies is always to protect customers from unscrupulous loan providers, also to minmise the possibility of borrowers getting caught within the cycle of financial obligation. Just just just What spent some time working, and just exactly exactly what hasn’t? In this paper, Cardus continues its multi-year research associated with pay day loan market in Canada and evaluates which policies will work, that aren't, and exactly what yet stays unknown about pay day loans, customer behavior, as well as the effect of federal government legislation in the supply and interest in small-dollar loans. Our research implies that quite a few earlier predictions—including issues in regards to the disappearance of credit choices for those in the margins—have become a reality.

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