Archive 2009 – Honourable John van Dongen
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March 2, 2009
GOVERNMENT REGULATES PAYDAY LENDERS
VICTORIA – Solicitor General John van Dongen announced new regulations for payday lenders which will help protect consumers who apply and receive short-term loans. Payday loan companies will need to be licensed by the Business Practices and Consumer Protection Authority (BPCPA) as of November 1, 2009.
Solicitor General John van Dongen (second from right) announces payday lender regulations, effective November 1, 2009. Joining the minister are Ralph Sultan, MLA
West Vancouver-Capilano, Skip Triplett, Vice Chair of the BC Credit Counselling Society Board of Directors and Tom Aquiline, Director of Industry Relations for the BPCPA.
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