Kitchener tightens guidelines on pay day loan businesses
KITCHENER — Kitchener is looking at tighter guidelines and far higher company charges for cash advance companies into the hopes of decreasing the final number of these organizations within the town.
You can find 18 cash advance organizations running in Kitchener now, additionally the town hopes to ultimately reduce that to 10 city-wide, without any significantly more than two per ward. Current organizations would be permitted to keep on inside their location that is current the town will issue no brand new licences until it reaches its objectives, and current licences will lapse in the event that company modifications arms.
The brand new guidelines would a lot more than triple the business enterprise charges for pay day loan stores.