New brunswick payday loan legislation - What Will Come After Payday Lending? - The Atlantic
The Government of New Brunswick appreciates the involvement of individuals and organizations in the decisions that affect them.
Payday Loans Licensing and Ongoing Obligations . pursuant to section 8 of New Brunswick Regulation “by sending the payday loan agreement to the email or
New legislation governing the payday-loan industry in New Brunswick came into effect Jan. 1. While he welcomed new provincial legislation that kicked in this week governing payday lenders, an anti-poverty advocate says the real problems facing the poor are the economy and social-assistance levels.
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The New Brunswick government has surprised payday loan critics and the industry itself by proposing to limit the total cost of such loans to $15 for every $100 lent.
Regulations for the payday loan industry in New Brunswick are coming, says Justice Minister Stephen Horsman, but he won't say when.