Dollar Financial Corp (DLLR) agreed to the decision by the Nova Scotia Utilities and Review Board to set a maximum cap on payday loan rates at $31 per $100. The company expect to continue providing payday loans to consumers in Nova Scotia at rates below newly stated maximum.
Dollar Financial noted that the provinces of British Columbia, Alberta, Saskatchewan, Ontario and New Brunswick have committed to set rate caps on payday loans and are underway with processes in each respective jurisdiction.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.