Quickcheck Canada was pleased to learn that two members of the Ontario Legislature referred to Quickcheck Canada by name in the House on November 21st during the second reading of Bill 59.
MPP Jagmeet Singh (Bramalea-Gore-Malton--NDP) referred extensively to Quickcheck Canada's analysis of the payday loan industry. MPP Shafiz Qaadri (Etobicoke North—Lib) quoted Roy Toker, Executive Vice-President of Quickcheck Canada who said, ''Quickcheck Canada congratulates the Minister of Government and Consumer Services on the reintroduction of this bill. As a company that sees first-hand what payday loans can lead to in terms of consumer distress, we are hopeful that this bill will pass through the Legislature quickly.'' MPP Jim McDonnell (Stormont-Dundas-Glengarry South—PC), spoke on behalf of the Progressive Conservative caucus stating his party's support for the principle of a payday lending database.
"Quickcheck Canada does talk about rollover loans, and how, currently, without any sort of database tracking, the government is not able to track this and there's no real way to effectively enforce any sort of legislation with respect to rollover loans."
--MPP Jagmeet Singh (Bramalea-Gore-Malton—NDP)
Representatives from all three parties indicated their support for the principle of a mandatory government database to prevent concurrent payday loans. Quickcheck Canada will continue to watch Bill 59 and bring awareness to the benefits of a real time database tracking system.