Recent enforcement actions details

Case number: 
30309

Business:
Cashco Financial Inc.

Does business as:
Cashco

Attached PDFs: 


Summary:

Allegation

  • Failing to ensure payday loan repayment terms comply with requirements of section 23 (2)(b) of the Payday Loans Regulation

Decision Outcome

  • The alleged contravention is confirmed

Actions Taken

  • Order for refund of payday loan fees to affected borrowers
  • Requirement to take remedial actions in regard to payday lending practices
  • Order for inspection costs of $600