Bill C-213 – An Act to amend the Criminal Code (criminal interest rate)

Bill Financial services nan

Date: 22nd Nov, 2021 Source: Parliament of Canada Country: Canada Original Source

Brief

The Bill C-213 - An Act to amend the Criminal Code (criminal interest rate) has been introduced by Julian on December 14, 2021. This enactment aims to lower the threshold for a criminal interest rate and include insurance charges in its calculation. This bill seeks to address predatory lending practices by increasing penalties for excessive interest rates. It impacts the financial industry by broadening the scope of what constitutes an abusive lending practice.

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Parliament of Canada

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Bill C-213 – An Act to amend the Criminal Code (criminal interest rate)

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Bill C-213 – An Act to amend the Criminal Code (criminal interest rate)

Brief

Parliament of Canada

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