Council’s amends resolution on payday loan controls

Red Deer city council will explore partnerships to advocate for provincial changes to reduce the negative impact of payday loan businesses on the working poor.

Red Deer city council will explore partnerships to advocate for provincial changes to reduce the negative impact of payday loan businesses on the working poor.

On Monday, council voted six to two in favour of a notice of motion to look at partnering with the City of Calgary, the Alberta Urban Municipalities Association and Central Alberta Poverty Reduction Alliance.

City administration proposed the resolution, which amended the original motion put forward by councillors Paul Harris and Ken Johnston on July 20.

Johnston and Coun. Buck Buchanan voted against the amended resolution.

Harris is on a leave of absence from council while he pursues the federal NDP nomination for Red Deer-Mountain View.

Harris and Johnston had called on the city to advocate that the province repeal the Payday Loans Regulation and revert to the federal Criminal Code interest rate maximum of 60 per cent per year, and further to reduce interest rate levels below the federal 60 per cent maximum.

They also wanted the city to investigate changes in the licensing and bylaws to limit the distance between a payday loan business and liquor stores, gambling facilities and bars, all places that may contribute to poverty, addictions and self-harm.

Setting up a micro lending or community banking system was another option to explore.

Mayor Tara Veer said the payday loan business is shifting more to an online presence so regulating the distance between these businesses and gambling facilities, for example, is more a moot point.

“When I look at all the planning priorities, I think council landed in the right place in dealing with this from an advocacy perspective and not from the planning perspective,” Veer said.

Regulations for payday loan businesses come up for provincial review in 2016.

Just Posted

Man from Olds killed in collision near Sundre

A 39-year-old man from Olds was killed in a collision near Sundre… Continue reading

Tips to keep crime at bay this Christmas

’Tis the season for joy and celebration, but the Christmas season can… Continue reading

Olympic ski run designer creates upgrades at Canyon Ski Resort

Jeff Ihaksi says free-style and alpine ski venues are Canada Winter Games-worthy

Updated: Collision expert backs version of crash of driver accused of manslaughter

Daniel Newsham accused of manslaughter in fatal 2016 collision

WATCH: More than 100 protest UN migration pact, carbon tax in Red Deer

Chants of “Trudeau must go” echoed through the streets of downtown Red… Continue reading

Tkachuk’s goal in 3rd gives Flames 2-1 win over Wild

ST. PAUL, Minn. — Matthew Tkachuk scored the go-ahead goal midway through… Continue reading

Women use scent to lure wolf-dog that ran away from Calgary airport

EDMONTON — A woman from Alberta is thanking an unconventional strategy for… Continue reading

Suspect in Alberta, Saskatchewan bank robberies to get mental assessment

MEDICINE HAT, Alta. — A former Winnipeg broadcaster and journalism instructor accused… Continue reading

Trudeau to make it harder for future PM to reverse Senate reforms

OTTAWA — Justin Trudeau says his government hopes to make legal changes… Continue reading

No winning ticket for Friday night’s $60 million Lotto Max jackpot

TORONTO — There was no winning ticket for the $60 million jackpot… Continue reading

All evacuation orders lifted in deadly California wildfire

PARADISE, Calif. — All evacuation orders have been lifted in Paradise more… Continue reading

All aflutter about our feathered friends

Christmas Bird Count will be held Dec. 23

Baylor ties pervade rape case that sparked uproar

DALLAS — The Texas judge who approved a plea deal allowing a… Continue reading

Most Read