Stop licensing pay day loan shops, committee informs Toronto town council

February 9th, 2021 | Posted by mondelez in payday loans chattanooga - (Comments Off on Stop licensing pay day loan shops, committee informs Toronto town council)

Stop licensing pay day loan shops, committee informs Toronto town council

Toronto’s government that is general licensing committee decided Wednesday that the town should stop issuing licenses to brand new cash advance shops.

“These are in areas where residents are particularly vulnerable,” said Ward 5 Councillor Frances Nunziata, including that the big wide range of payday loan web internet web sites can be found in her own cycling of York South-Weston.

“We need to get a grip on them.”

The decision that is final depend on city council, where it’s planned for debate on Oct. 2, nonetheless it had the unanimous help of councillors in the certification committee, including Councillor Stephen Holyday, (Ward 2 Etobicoke Centre) whom stated he voted contrary to the movement just a technicality — he does help regulating cash advance businesses. (more…)