The Unintended Consequences of Quebec’s Payday Loan Ban: A Surge in Illegal Online Lenders

May 27, 2024 The recent ban on payday loans in Quebec, while well-intentioned, has resulted in a significant disruption in the subprime loan market. The primary aim was to protect consumers from the notoriously high-interest rates and predatory practices associated with payday lenders. However, the reality has been more complex, leading to unintended consequences that

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