Item - 2017.MM24.15

Tracking Status

City Council adopted this item on January 31, 2017 without amendments.

MM24.15 - Payday Loan Act - Public Consultations - by Councillor Paul Ainslie, seconded by Councillor Frances Nunziata

Decision Type:: ACTION

Status:: Adopted

Wards:: All

City Council Decision

City Council on January 31, 2017, adopted the following:

1. City Council direct the Executive Director, Municipal Licensing and Standards to host public consultations on payday loan businesses, review other jurisdictions' practices in regulating payday loan businesses, and to report findings to the Licensing and Standards Committee.

2. City Council provide comments to the Province of Ontario, before the provincial comment deadline of September 29, 2017, on the City's position and suggestions regarding the changes to the Payday Loan Act.

Background Information (City Council)

Member Motion MM24.15
https://www.toronto.ca/legdocs/mmis/2017/mm/bgrd/backgroundfile-100529.pdf

Motions (City Council)

Motion to Waive Referral (Carried)

Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM24.15 be referred to the Licensing and Standards Committee. A two-thirds vote of the Council Members present is required to waive referral.

Motion to Adopt Item (Carried)