To better protect borrowers who take out high-cost loans, high-cost credit lenders will be required to comply with legislation, making NL the first Atlantic Province to implement a regulatory regime specific to high-cost credit lenders.
Effective June 1st high-cost credit lenders must be licensed to operate in this province. These lenders are distinct from banks, credit unions and payday lenders, and offer installment loans at high interest rates. The cost of borrowing may include additional fees and compounding interest. To better protect borrowers who take out high-cost loans, high-cost credit lenders will be required to comply with legislation, making NL the first Atlantic Province to implement a regulatory regime specific to high-cost credit lenders.
Government and PAL Airlines announce connecting routes between Deer Lake, Gander and St. John's
It's National Volunteer Appreciation Week, "Volunteers Make Waves"
Bulk garbage spring clean up in Corner Brook starts tomorrow with option to drop off at Wild Cove
Winning lotto ticket sold at Pasadena Irving
Municipal Awareness is next week, celebration at the Civic Centre next Friday
