Let me make it clear about Councillors wish to pump brakes on pay day loan outlets

Let me make it clear about Councillors wish to pump brakes on pay day loan outlets

Staff seeking to see if town can suspect licences that are new

After within the footsteps of Toronto, town staff could quickly be searching for ways to block more loan that is“payday organizations from arriving at Oshawa.

At its meeting that is latest, the city’s business services committee directed staff to examine certification policies for organizations that offer loans to clients looking for fast cash.

Earlier in the day this Toronto city council voted to no longer provide licenses to payday loan outlets month.

Ward 1 town and local councillor John Neal, whom introduced the movement, stated he’s got been attempting to deal with the problem for a while now.

“I been taking a look at this for several years,” Neal stated.

Neal stated these establishments are “hurting low-income individuals, by no fault of one’s own.”

“I have quite, really small love for these establishments,” he adds. Continue reading