On Tuesday, the city will be look at a new law that would limit the number of payday loan outlets at 15 and no more than one per ward. As of Jan. 1, the province brought in new rules under Bill 59, the Putting Consumers First Act, allowing local municipalities to regulate the location and number of payday loan establishments. Currently, the city licenses 30 payday loan establishments. "By taking this step, Hamilton is really putting the payday loan industry on notice that their days of exploiting vulnerable consumers are at an end," said Cooper. Looking forward to limiting payday loan sharks this week.

Source: CBC News February 20, 2018 13:18 UTC