What consumers need to know about the new rules for alternative lending

Credit Canada CEO Bruce Sellery talks about the recent changes in the criminal rate of interest and the new rules for alternative lending on CTV News.

January 22, 2025 - New regulations on payday and high-interest loans in Canada are limiting access for some borrowers—and it could push them toward riskier options like pawnshops or the black market. Credit Canada CEO Bruce Sellery weighs in on the potential consequences in this CTV News segment.