No ban of pay day loans: Alberta minister

No ban of pay day loans: Alberta minister

CALGARY – Payday loan providers will never be prohibited under overview of the industry by the Alberta federal government despite issues about high rates of interest charged by providers.

“The federal federal federal government of Alberta will not ban lenders that are payday” Service Alberta Minister Deron Bilous stated Wednesday.

“We don’t want to operate a vehicle them underground,” he said. “We understand from conversing with organizations that you’re actually doing the contrary of consumer security them underground if you drive. They’re a whole lot more dangerous when they’re unlawful.”

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