‘No brainer’: consultations should not delay federal crack down on high-interest loans, say NDP MP, ISG Senator

Independent Senator Pierrette Ringuette says she worries Finance Canada’s consultations won't be accessible to the vulnerable people most affected by predatory lending and the results will be biased towards the industry.

NDP MP Peter Julian, left, and Independent Senator Pierrette Ringuette have each introduced bills this Parliament that they say can address high-interest loans that are hurting vulnerable Canadians. The Hill Times photograph by Andrew Meade, courtesy of Pierrette Ringuette

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BY SAMANTHA WRIGHT ALLEN

August 22, 2022

A New Democrat MP and Independent Senator say the government should look at their respective bills to tackle predatory lending, but worry consultations launched on the subject will produce results biased toward a “huge lobbyist network” pushing off a problem that has saddled low-income people wi...

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