The Financial and Consumer Services Commission (FCNB) is reminding New Brunswickers to be mindful of the risks of borrowing from an unlicensed payday lender.
What are the rules for payday lenders?
Who is working with you and your money?
Everything seems to cost more these days. At the gas pumps and grocery stores, New Brunswickers are seeing higher prices, largely due to inflation.
What is inflation?
Inflation relates to how the value of your money changes over a period of time. What your money can buy today compared to a period of time in the past is the measurement of inflation.
Our economy has experienced many ups and downs in the past two years due to the pandemic, inflation, increasing interest rates, and now a looming recession. Rising prices may affect some New Brunswickers’ ability to meet day-to-day expenses, causing them to consider a loan from an online payday lender as a short-term fix to an immediate financial need.
News and Alerts
A decrease in dollars lost to fraud in New Brunswick, coupled with a rise in the number of frauds reported in 2022, could mean consumers are becoming more comfortable identifying and reporting frau