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.
Route 430 reopens today but one person taken to hospital after two-vehicle collision last night
No injuries but damage done after a tractor trailer jackknifed near Steady Brook this morning
Government looks to amend the Future Fund to pay down debt and spend smarter
Qalipu First nations is focusing on Netukulimk, which is a way of being and interconnecting
Route 430 is now open after last night's collision near the St. Anthony airport but poor conditions remain
