Unlicensed online payday lenders are targeting New Brunswickers, warns the Financial and Consumer Services Commission (FCNB).
News and Alerts
News and Alerts
News and Alerts
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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.
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The Financial and Consumer Services Commission (FCNB) is reminding New Brunswickers to be mindful of the risks of borrowing from an unlicensed payday lender.
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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