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New guidelines restriction location, amount of cash advance organizations in Kingston

New guidelines restriction location, amount of cash advance organizations in Kingston

The town of Kingston is using actions to restrict the amount and location of pay day loan businesses also to teach customers concerning the possible drawback of using short-term, high interest loans.

In just one of their last functions ahead of the election that is municipal town councillors authorized a unique bylaw on Oct. 2 that aims to manage pay day loan shops within municipal boundaries.

The modifications had been permitted after the passage through of provincial amendments in Bill 59, which expands municipal authority over cash advance establishments.

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