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VICTORIA — New limits on fees for cashing cheques and high-cost loans will take effect on Sept. 1 in British Columbia. Solicitor General Mike Farnworth says in a statement the changes tighten the rule.

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Payday lenders are often a last resort for borrowers who would be otherwise be rejected for a traditional bank loan. The crackdown is in addition to new regulations handed down by the province. The On.

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Author’s note: This essay is partially based on my lecture “Money-Lending: Its History and Philosophy,” delivered at Second Renaissance Conferences, Anaheim, California, July.

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Payday lenders are often a last resort for borrowers who would be otherwise be rejected for a traditional bank loan. The crackdown is in addition to new regulations handed down by the province. The On.

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VICTORIA — New limits on fees for cashing cheques and high-cost loans will take effect on Sept. 1 in British Columbia. Solicitor General Mike Farnworth says in a statement the changes tighten the rule.

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