Tuesday, April 26, 2005

Winnipeg Sun: Business - Class-action suit could kill off payday lenders

Winnipeg Sun: Business - Class-action suit could kill off payday lenders: "CALGARY -- In a case which could crush the payday loan industry in Canada, a Calgary law firm has been given the green light to proceed with a class action alleging criminal interest rates. Bill McNally, of the firm McNally Cuming Raymaker, said yesterday his lawsuit, if successful, will wipe out payday lenders.

'The whole industry will be gone,' McNally told Sun Media." (Full story at link)

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