EDMONTON – Payday lender money Store Financial solutions Inc. (TSX:CSF) said Wednesday it intends to request a hearing before Ontario’s Licence Appeal Tribunal over federal government force on its companies.
The company that is edmonton-based Ontario’s registrar for pay day loans wants to revoke the financing licences of the money shop Inc. and Instaloans Inc. companies.
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Nevertheless, the Edmonton-based company says it not any longer offers payday advances in Ontario after changing these with brand new credit line services and products.
Money Store Financial states the us government has tried since September 2011 to force it to produce payday advances in money, as opposed to the electronic practices they now use. It states it shall maybe perhaps not do that as it’s reluctant to put employees and customers in danger by having them handle money.
In a statement, Consumer Services Minister Margarett Best claims she cannot elaborate from the case since it’s presently going right on through a ”legal process.”
Fortsätt läsa ”Money shop will request appeal hearing before Ontario licence tribunal”