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. 

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