A B.C. community group took to the streets on Tuesday, calling on the federal government to crack down on what they say are “predatory” lending companies charging astronomical interest rates.
Members of the group Acorn Canada demonstrated in front of a Easy Financial branch in Surrey before taking their message to MP Randeep Sarai’s office.
The group is calling on the federal government to limit the interest rates that payday and instalment lenders can charge at 30 per cent, and for any fees to be lumped into that figure.
Currently they’re allowed to charge up to 60 per cent interest.