Staff seeking to see if town can suspect licences that are new
Following into the footsteps of Toronto, town staff could quickly be researching ways to block more вЂњpayday loanвЂќ companies from visiting Oshawa.
At its meeting that is latest, the town’s business services committee directed staff to examine certification policies for companies that offer loans to clients looking for fast cash.
Previously this Toronto city council voted to no longer provide licenses to payday loan outlets month.
Ward 1 town and councillor that is regional Neal, whom introduced the movement, stated he’s got been wanting to deal with the matter for quite a while now.
вЂњI’ve been taking a look at this for several years,вЂќ Neal stated.
Neal stated these establishments are вЂњhurting low-income people, by no fault of the very own.вЂќ