Lowering the interest rate of instalment loans is the right thing to do

As a result of being trapped in a high-interest debt loan, people report going without basic necessities, lapsing on other bills, losing retirement savings, skipping important medical visits, and more.

Deputy Prime Minister and Finance Minister Chrystia Freeland. It's about time that the criminal interest rate is lowered, and that the government work on providing fair credit options, writes Donna Borden of ACORN Canada.The Hill Times photograph by Andrew Meade

Opinion

BY DONNA BORDEN

February 1, 2024

Last year, the federal government launched a consultation to crack down on predatory lending, a commitment it made in Budget 2021. The consultation period was concluded in August 2023, and subsequently we saw

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