Payday Loans



1. Initial Request for Comments from the Financial and Consumer Services Commission re Rule PDL-001 and Rule PDL-002

    Read Here

2. Final Submission to New Brunswick Financial and Consumers Services Commission regarding Pay Day Loans

     Read Here

3.  Randy Hatfield Op-Ed Piece April 8th, 2015

     Read Here

4. Randy Hatfield Op-Ed Piece May 18th, 2015

     Read Here

5. Draft Fee Regulation July 2016

     Read Here

6. HDC Response to Draft Regulation

    Read Here

7. Randy Hatfield Op-Ed December 2016

    Read Here




Payday Loans

As many New Brunswickers struggle to make ends meet, thereís one industry thatís cashing in as a result: payday lending. Payday lenders offer short-term, high-interest loans to borrowers in need of quick cash. They tend to cluster their storefronts in low-income neighborhoods. The HDC responded to the New Brunswick Financial and Consumer Services Commission's request for comments on the regulation of the payday industry in the province and has focused on two areas: the high cost of borrowing and the debt cycle created by repeat and concurrent borrowing. To read the full report, click here: http://sitecloudcms.com/Tools/file_direct_link.html?node_id=35095144

To view maps illustrating where payday lenders cluster their locations in Saint John, Moncton, and Fredericton.

 Read Here