(Lethbridge News Now)

New Payday Loan Restrictions Now in Place to Better Protect Albertans

By Josh Hall (Twitter: @Vancan19)
August 2, 2016 - 1:21pm Updated: August 2, 2016 - 5:01pm

New regulations for payday lending are now in effect across Alberta.
Service Alberta Minister Stephanie McLean ushered in the changes Tuesday morning.
Borrowing fees are reduced from $23 to $15 per $100 borrowed, making it the lowest rate in Canada.