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.
Chimney fire briefly closes lower East Valley Road in Corner Brook Tuesday night
National alert test at 10:45 this morning on radio, television, and devices
Port aux Basques RCMP nab man at a traffic checkpoint prohibited from driving Canada wide
Corner Brook now has two accessible transit vans for practically the cost of one
Deer Lake RCMP take two impaired rivers off the roads this past weekend
