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Payday Loans

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Payday Loans

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The PUB's responsibilities for payday loans are outlined in some detail in the Consumers Protection Act, including the requirement for Board review of the "cost of credit rates" charged by payday lenders, meaning the interest and service fees incurred by payday loan customers. These reviews require the Board to analyze the formulas involved in setting maximum cost of service rates within this industry. The PUB must also review and determine fee rates for government cheque cashing services; these reviews are done every three years. 

References  

The Consumers Protection Act
 
 
 

ABOUT US

The Manitoba Public Utilities Board (the Board) is an independent quasi-judicial administrative tribunal operating under the authority of the Manitoba Legislature. While the current Public Utilities Board Act was passed in 1959 the Board has regulated services under other legislation since 1913.

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The Board communicates its decision through its Board Orders.

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  • Address: 400-330 Portage Ave, Winnipeg, MB R3C 0C4
  • Phone: (204) 945-2638
  • E-mail: publicutilities@gov.mb.ca

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