Online lenders elude new laws for payday loans.

Canada is beginning to regulate its payday lending industry, but applying to borrow fast cash online still means entering a legal black hole.
Six Canadian provinces – including Ontario – have passed legislation to regulate the payday lending industry but none of the new laws deal with what happens when someone chooses to take out a loan online.
It is unclear how many Canadian companies allow borrowers to do this, or how many companies based outside the country allow Canadians to use their products.
They appear to operate by stating everything done through the website should be understood to have occurred where the company is based.

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