Sentences with phrase «usury provisions»

Payday lenders are now exempt from the application of usury provisions in the Criminal Code where provinces regulate payday lenders and the allowable rate of these loans.

Combining the disappointing in De Wolf v. Bell ExpressVu, provincial regulation on payday lending that has led to higher interest rates than those allowed by the usury provisions in the Criminal Code and the limitations of consumer class actions against late payment practices, it seems that consumers have even less protection from exploitative credit arrangements today.

Not exact matches

Bowen did not dismiss alleged breaches of the state Payday Lending Act (PLA), which includes provisions designed to protect consumers against usury.