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City eyes rules that are new pay day loan companies

City eyes rules that are new pay day loan companies

Brantford city council would like to implement brand new restrictions on the amount and location of pay day loan establishments. Brian Thompson / The Expositor

A brand new certification system will restrict the positioning and amount of cash advance companies when you look at the town.

The principles, which need last approval by council at a gathering on Nov. 19, limit the quantity of pay day loan shops to 10 and stops them from finding within 150 metres of “selective sensitive and painful land uses, ” including crisis residences, video video gaming establishments, group domiciles, medical clinics and workplaces, and schools.

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