Money Stop in Fort St. John penalized for operating without a licence

The offences include operating without a licence and obstructing an inspection. 

$9,500 in administrative penalties will have to be paid for those violations, and a number of consumers will be refunded a total of $4,358. 

“We take all unlicensed activity and obstruction of an inspection seriously,” says Manjit Bains, VP of Corporate Relations at Consumer Protection B.C. “I encourage any consumer who has knowledge of a payday lender operating without a licence to contact us.” 

Payday loans are regulated by law in a number of ways, including how much is charged for a loan, how long the repayment periods are and consumers must be given loan documents so they are know their rights before entering into a payday loan.

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About Erica Fisher 4010 Articles

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor’s Degree in Journalism from Concordia University in Montreal, Quebec.