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Daily Archives: May 16, 2019
Impossible-to-repay loans are not legitimate financial services
As I explained in The indefensible predatory business of payday loans, criminal interest rate caps stood for many years in both Canada and the United States at 60%. The financial lobby had governments carve out workarounds in the last decade, … Continue reading
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Straight Talk on Your Money
Yesterday I recorded a podcast with insolvency trustee Doug Hoyes, co-founder of one of Canada’s largest personal insolvency firms. Last night I read his 2017 book Straight Talk on Your Money — the Biggest Financial Myths and Mistakes and How … Continue reading
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