Bill-184, pay day loans: a storm that is perfect. Underneath the new guidelines, the month-to-month penalty interest that

Bill-184, pay day loans: a storm that is perfect. Underneath the 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 price is non-compounding and determined regarding the principle that is outstanding. In …