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Podcast: This Matters
Episode: Does the government need to clamp down on predatory lending?
Description: Guest: Christine Dobby, Business Reporter You don’t have to look far to see those who experienced terrible financial hardship over the past two years. We don’t talk about our finances. But a recent report has painted a harsh picture just the same. The report published by ACORN, a non-profit organization advocating for moderate to low-income Canadians has revealed that more and more people were forced to take out instalment or payday loans during the pandemic–and many are trapped in a vicious cycle, paying off interest rates of up to 60 percent. Star Business Report...