N.S. Payday Loans Under Microscope

N.S. Payday Loans Under MicroscopeThe Nova Scotia Utility and Review Board is taking another look at the way payday loan companies do business and will examine the issue at hearings scheduled to begin Monday in Halifax. The board will determine whether the companies are charging too much to borrow money. In Nova Scotia, they can charge up to $31 for every $100 borrowed — the highest rate in the country. The UARB set the…

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