Interesting to know.

It's an emerging industry, payday loans.
The regulations haven't been tried and tested as it's so new.

It's interesting to hear this commentary from a payday loan industry insider.

Thanks for posting.

BOTTOM LINE..Dont get suckered. IF you MUST use one of these companies shop around for the best rate and deal and make sure they are part of the Canadian Better Business Bureau..but even then..take the contract with you with the tellers initials as this may be the only way to cover your butt!! Trust me I know..I worked for a very prominent company for a few years and know whats "behind the scenes"