Recent enforcement actions details

Case number: 

Cashmart Payday Loan Inc

Does business as:

Individual First Name:

Individual Last Name:

Attached PDFs: 



    • charging fees exceeding limits prescribed by regulation for cashing government assistance cheques [sec. 112.13 BPCPA]
    • failing to ensure that installment payments in payday loan agreements aligned with borrowers' pay periods [sec. 23(2) Payday Loans Regulation]

    Decision Outcome

    • The contraventions are confirmed

    Actions Taken

    • Penalty of $4,500
    • Inspection costs of $1,500 ordered reimbursed
    • Demand to repay all cheque-cashing fees relating to contravention of sec. 112.13
    • Requirement to repay borrowers' payday loan fees in relation to sec. 23(2) PLR violation