Self-Intere$ted
CBC
Under current provisions of the Criminal Code, a criminal interest rate is defined as more than 60 per cent annually...
Despite the fact that rates far lower than 60 per cent frequently bankrupt the kind of borrowers alluded to in the story. Nevertheless, continues the CBC,
...payday companies typically operate out of storefronts in less affluent neighbourhoods. Critics say the lack of guidelines has allowed some companies to levy fees and other charges that can amount to more than 1,000 per cent a year.
Maybe if governments legislated a living wage for their sheep it wouldn't be so easy for the wolves to fleece them.
Under current provisions of the Criminal Code, a criminal interest rate is defined as more than 60 per cent annually...
Despite the fact that rates far lower than 60 per cent frequently bankrupt the kind of borrowers alluded to in the story. Nevertheless, continues the CBC,
...payday companies typically operate out of storefronts in less affluent neighbourhoods. Critics say the lack of guidelines has allowed some companies to levy fees and other charges that can amount to more than 1,000 per cent a year.
Maybe if governments legislated a living wage for their sheep it wouldn't be so easy for the wolves to fleece them.
posted by jp at 21:28
0 Comments:
Post a Comment
<< Home