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ARTICLE · 08 JUNE 2017

Ontario Bill 59: New Consumer Lender Regulations May Be Coming Soon

The government of Ontario passed Bill 59, Putting Consumers First Act, 2017 which amended several acts including the Consumer Protection Act, the Collection and Debt Settlement Services Act...

CanadaConsumer Protection

The government of Ontario passed Bill 59, Putting Consumers First Act (Consumer Protection Statute Law Amendment), 2017 (the Bill) on April 10, 2017 which amended several acts including the Consumer Protection Act (Ontario), the Collection and Debt Settlement Services Act and the Payday Loans Act. Bill 59 also enacts the Home Inspection Act, 2017, which requires home inspectors to be licensed, among other matters.

The amendments to the Consumer Protection Act may be of particular interest to business in the consumer leasing and lending industry. The Bill does not directly implement new regulations or prohibitions. Instead, it sets the stage for new regulations to be developed and enacted.

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