The Ontario's government appears to be trying to put an end to payday lender The Cash Store.The province’s Registrar of Payday Loans has issued a proposal to refuse licenses to The Cash Store and Instaloans, both owned by Edmonton-based The Cash Store Financial Services.
The proposal stems from a recent court decision that lead them to being prohibited from offering payday loans or lines of credit products in Ontario.
The company plans to ask for a hearing before the License Appeal Tribunal.
