Categorized | industry, international

Welcoming regulations

A leading Canadian lender does.  From the news release:

National Money Mart Company, a subsidiary of Dollar Financial Corp (NASDAQ:DLLR) and Canada’s leading convenience financial service provider, today welcomed news that the Province of Nova Scotia will be the first in Canada to officially regulate the payday loan industry, including a maximum rate of borrowing as of August 1, 2009, with a regime that will balance strong consumer protection.

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