Payday Lending
Speedy Cash ordered to pay $4,900 in penalties for violating BC’s payday lending laws

{June 30, 2015} VICTORIA, BC – Consumer Protection BC has issued an administrative penalty against Speedy Cash (registered under the business name of Kamloops 2011 Equities Ltd.), a Chilliwack, BC-based payday lender, for violating BC’s payday lending laws.

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Surrey Cash Now ordered to abide by BC’s payday lending laws, pay $2,900 in penalties

{April 7, 2015} VICTORIA, BC – Consumer Protection BC has issued a second Compliance Order and an Administrative Penalty against Surrey Cash Now (S. Prasad Holdings Ltd.) for continuing to violate BC’s payday lending laws.

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Consumer Protection BC takes over Cash Store refund process; consumers now receiving cheques

{Aug. 26, 2014} VICTORIA, BC – About 5,000 payday lending customers have just received refunds for fees illegally charged by The Cash Store and Instaloans, but Consumer Protection BC says an estimated 45,000 consumers still haven’t come forward to make a claim.

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Cash Store Financial Refund Process Begins

{March 6, 2014} VICTORIA, BC – Consumer Protection BC announces that Cash Store Financial Inc. has begun the refund process for eligible payday lending consumers.

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Supreme Court of BC confirms Cash Store must refund $1 million to consumers

{January 31, 2014} VICTORIA, BC – The Supreme Court of British Columbia has upheld Consumer Protection BC’s Compliance Orders against Cash Store Financial Inc. requiring the company to comply with the law and refund over $1 million to consumers.  

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