Kitchener tightens guidelines on cash advance businesses

<title>Kitchener tightens guidelines on cash advance businesses</title> <p>KITCHENER — Kitchener is wanting at tighter guidelines and far higher company costs for pay day loan companies into the hopes of decreasing the final amount of these companies when you look at the town. </p> <p>You will find 18 loan that is payday running in Kitchener now, therefore the town hopes to ultimately reduce that to 10 city-wide, without any a lot more than two per ward. Current organizations may be permitted to keep on within their present location, but the town will issue no brand brand new licences until it reaches its goals, and current licences will lapse in the event that company modifications fingers. </p> <p>The rules that are new a lot more than triple the business enterprise costs for cash advance stores. Rather than the present one-time merchant charge of $125, cash advance companies would spend a one-time charge of $575 after

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