Filling the Gap – Canada’s Payday Lenders: Conference Board of Canada
October 25, 2016 release by the Conference Board of Canada on the Canadian Consumer Finance Association: Filling the Gap – Canada’s Payday Lenders, states that “despite its unfavourable reputation, the licensed payday loans industry provides a necessary service for cash-strapped Canadians who lack access to alternate sources of credit in times of need.” Commenting on the regulatory environment of the industry, the Conference Board of Canada notes that “placing inappropriate regulations on the industry may reduce access to credit for the financially vulnerable.”