Licensed Canadian Payday Lenders Provide Needed Credit to At-Risk Borrowers

Ottawa, October 25, 2016—Despite the stigma associated with payday loans, the industry provides a valuable service to a specific clientele of Canadians. A new report by The Conference Board of Canada estimates that the licensed Canadian payday loan industry provided nearly 4.5 million short-term loans to Canadian households, valued at $2.2 billion. Given

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