Canada targets payday loan providers as financial obligation amounts soar in oil regions
Federal consumer agency investigating industry
Alberta vows to get rid of lending that is“predatory”
financial obligation counsellors state oil employees turning to payday advances
Industry states unregulated options are more serious
By Matt Scuffham
TORONTO, April 25 (Reuters) – Canadian authorities are improving scrutiny of payday loan providers over worries they’ve been preying on susceptible clients at the same time of record home financial obligation and unemployment that is rising oil-producing areas. (more…)