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Daily Archives: 2021-02-02

Calls grow for a crackdown on “shady” lenders, “outrageous” interest rates in Canada

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Legislators and mortgage industry executives are calling for a crackdown on lenders who charge excessive interest rates in the wake of an in-depth investigation conducted by CBC Marketplace. Marketplace’s undercover investigation looked into the offerings of non-traditional lenders like CashMoney, Easyfinancial, Fairstone Financial, and Money Mart, and found that interest rates could be as high as 46.96% [&hellip…

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