‘No brainer’: consultations should not delay federal crack down on high-interest loans, say NDP MP, ISG Senator

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‘No brainer’: consultations should not delay federal crack down on high-interest loans, say NDP MP, ISG Senator, by samanthawrights cdnpoli (subs)

NDP MP Peter Julian, left, and Independent Senator Pierrette Ringuette have each introduced bills this Parliament that they say can address high-interest loans that are hurting vulnerable Canadians.

A New Democrat MP and Independent Senator say the government should look at their respective bills to tackle predatory lending, but worry consultations launched on the subject will produce results biased toward a “huge lobbyist network” pushing off a problem that has saddled low-income people with harmfully high interest rates.Enjoy unlimited website access and the digital newspaper.

 

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