Albanese combatting cheque-cashing stores

It’s not every day you see an MP working to strangle one of the only thriving business sectors in her riding. Still, it’s hard to disapprove of Laura Albanese’s efforts to strengthen credit unions and weaken cheque-cashing stores, measures that got a big boost in yesterday’s budget; her proposals were one of the signature announcements.

Albanese’s rules will make credit unions more competitive by changing deposit-insurance rules; reducing barriers to doing business with cities, universities, schools and hospitals; and “providing consumers with alternatives to high-cost payday loans.”

 

 

Author: Adam Norman

I am raising my two children in Weston.

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