New Hamilton rules would just enable 15 pay day loan outlets

New Hamilton rules would just enable 15 pay day loan outlets

Existing pay day loan companies could be grandfathered in, but with time, they might decrease

The town of Hamilton is drafting a law that is new would cap the sheer number of cash advance places at 15.

Bylaw officials work on a fresh radial separation guideline enabling a optimum of one cash advance or cheque-cashing company per ward. City council will vote about it in February.

Current organizations is grandfathered, generally there won’t be a instant difference, stated Ken Leendertse, the town’s manager of certification.

However in the term that is long the brand new bylaw would lessen the amount of pay day loan organizations in Hamilton, he stated. Continue reading «New Hamilton rules would just enable 15 pay day loan outlets»