Pay Day Loans Act

September 13, 2010 (66 minutes)

Please note: Since this webinar was prepared, additional consumer protections related to pay day loans have been enacted.  For information about these changes, please see:

September 13, 2010 (66 minutes) - This webinar is presented by Margaret Capes, Legal Education Coordinator of Community Law School (Sarnia-Lambton) Inc. Many Ontarians rely on pay day loan companies to tide them over between pay cheques. For a fee, these businesses will provide a cash advance in exchange for a promise to repay the loan once the pay cheque is due.  Until recently, these pay day loan companies were largely unregulated in Ontario and sometimes charged excessive administration fees and interest charges. New legislation now protects borrowers from high fees and requires cooling off periods, written contracts, and clear advertising regarding the rights and responsibilities of both lenders and borrowers. This webinar focuses on consumers' rights under the Pay Day Loans Act and ways to enforce them through the courts and the Ministry of Consumer Services.

To view and listen to this webinar click here or watch using the embedded player below. If you cannot see the player you may need to upgrade to the latest Adobe Flash player. To view the webinar in mp4 or Quicktime format, click here (26.8 MB). To listen to the audio only, click here (mp3 format 7.59 MB) or here (WAV format 30.3 MB).

Related files
Download the PPT in English
Pay Day Loans Act presentation slides
Download the PDF in English
Pay Day Loans Act presentation slides

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