People forced to use high-cost loan services risk being caught in an endless cycle of debt payments
British Columbia is amending consumer protection law to offer more safeguards for people forced to turn to high-cost loan services and risk being caught in an endless cycle of debt payments.
The minority New Democrat government highlighted stronger consumer protection measures in its throne speech earlier this month, saying it plans to crack down on unfair payday loan practices.British Columbia MLA Mike Farnworth arrives to the Legislative Assembly Management Committee meeting in the Douglas Fir room at Legislature in Victoria on Dec. 6, 2018.
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