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New Payday-Loan Rules Won’t Avoid Predatory Lenders. The proposed rules concentrate on determining capability to spend the loans straight back The proposed rules give attention to determining capacity to spend the loans straight back. But really enforcing underwriting requirements is more challenging than enforcing certain item security guidelines. A debtor taking right out a $500 loan could nevertheless pay over…

Payday loan providers experiencing oilsands slump. She says she’s been cursed, spat at, threatened. It’s gotten worse in Calgary since Christmas time, Durocher states, as families squeezed by oil’s free-fall considered a lender that is longtime of resort, simply to end up struggling to spend their debts. “We had very violent clients. We can’t blame them since they had been…