Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans
- Mar 1, 2016 Start date
- Closed Status
- None Intervenors
- None Presenters
- None Next hearing
- Application filed Mar 1, 2016 Completed
- Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing Apr 12, 2016 Completed
- Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing Apr 13, 2016 Completed
- Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing Apr 14, 2016 Completed
- Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing Apr 15, 2016 Completed
- Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing Apr 16, 2016 Completed
- Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing Apr 17, 2016 Completed
- Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing Apr 18, 2016 Completed
- Closed Jun 17, 2016 Completed
Off air
The Public Utilities Board's 2016 review of the maximum allowable charges and fees for payday loans (hearing April 12 to 18, 2016); report dated June 17, 2016.
Exhibit
| Title | Type | ||
|---|---|---|---|
| PUB-10 – Pitblado LLP Research Report: Payday Lending Regulation in Other Canadian Jurisdictions dated April 4, 2016 | Apr 4, 2016 | Exhibit | |
| CAC-1 – Intervener Application form of Consumer’s Association of Canada (Manitoba) Inc./Winnipeg Harvest/Community Financial Counseling Services, jointly (CAC) – February 19, 2016 | Feb 19, 2016 | Exhibit | |
| C11-1 – Intervener Application – C11 A1 Financing & Loans – February 19, 2016 | Feb 19, 2016 | Exhibit | |
| CPLA-1 – Intervener Application – Canadian Payday Loan Association (CPLA) – January 28, 2016 | Jan 28, 2016 | Exhibit | |
| CPLA-10 – Pre-filed Evidence of CPLA, Schedule H, Letter from Grant Thornton LLP to CPLA, October 1, 2015 | Oct 1, 2015 | Exhibit | |
| CPLA-7 – Pre-filed Evidence of CPLA, Schedule E, CBC News article, July 31, 2015, Manitobans more likely to find unlicensed payday lenders online: study | Jul 31, 2015 | Exhibit | |
| PUB-1 – Notice of Public Hearing | Exhibit | ||
| PUB-2 – PUB Rules of Practice and Procedure | Exhibit | ||
| PUB-11 – Book of Documents | Exhibit | ||
| PUB-12 – Policis’ and Anna Ellison’s Credentials | Exhibit | ||
| CAC-2 – Attachment to Intervener Application Form of CAC – Budget Estimate of CAC | Exhibit | ||
| CAC-3 – Pre-filed Evidence of CAC, Tab 1, J. Buckland, Ph.D. & G. Henderson, SJD: Executive Summary, Payday Lending in Manitoba: A Mature Industry with Chronic Challenges | Exhibit | ||
| CAC-4 – Pre-filed Evidence of CAC, Tab 2, J. Buckland, Ph.D. & G. Henderson, SJD: Payday :Lending in Manitoba: A Mature Industry with Chronic Challenges | Exhibit | ||
| CAC-5 – Pre-filed Evidence of CAC, Tab 3, C. Robinson, PhD, CFP, CPA, CA: An Economic Analysis of the Payday Loans Industry and Recommendation for Regulation in Manitoba | Exhibit | ||
| CAC-5-1 – Appendices to Dr. Chris Robinson’s Pre-Filed Evidence “An Economic Analysis of the Payday Loans Industry and Recommendation for Regulation in Manitoba” | Exhibit | ||
| CAC-6 – Pre-filed Evidence of CAC, Tab 4, W.Simpson & K.Islam: A Profile of Payday Loans Consumers Based on the 2014 Canadian Financial Capability Survey | Exhibit | ||
| CAC-7 – Pre-filed Evidence of CAC, Tab 5, W. Simpson & K. Islam: Payday Loans Consumer Profile Based on the Survey of Financial Security | Exhibit | ||
| CAC-8 – Pre-filed Evidence of CAC, Tab 6A, Z. St.Aubin, MA, DBA: Manitoba Consumers Experiences with Payday Loans Research Study | Exhibit | ||
| CAC-9 – Pre-filed Evidence of CAC, Tab 6B, J. Buckland, Ph.D., E. Sinclair, J. Piec: Focus Group Two: Comparing Payday Loans and Two Alternative Small Loan Products | Exhibit | ||
| CAC-10 – Pre-filed Evidence of CAC, Tab 7, E. Sinclair: Manitoba Consumers’ Experiences with Payday Loans: Pricing and Practices of Licensed Payday Lenders in Manitoba | Exhibit | ||
| CAC-11 – Pre-filed Evidence of CAC, Tab 8: Map Data of Payday Lenders in Winnipeg | Exhibit | ||
| CAC-12 – Pre-filed Evidence of CAC, Tab 9: J.Buckland, PhD, E.Sinclair, K. Martin: Small Loan Workshop: Summary of Proceedings and Recommendations | Exhibit | ||
| CAC-13 – Pre-filed Evidence of CAC, Tab 10: B. Williams & K. Dilay: Payday Lending Legal Narrative | Exhibit | ||
| CAC-14 – Pre-filed Evidence of CAC, Appendix A: Dollar Financial Group 2013 10-K | Exhibit | ||
| CAC-15 – Pre-filed Evidence of CAC, Appendix B: PEW Charitable Trusts Report, Who Borrows, Where they Borrow and Why | Exhibit | ||
| CAC-16 – Pre-filed Evidence of CAC, Appendix C: PEW Charitable Trusts Report, Policy Solutions | Exhibit | ||
| CAC-17 – Pre-filed Evidence of CAC, Appendix D: Cardus Report, Banking on the Margins: Finding Ways to Build an Enabling Small Dollar Credit Market | Exhibit | ||
| CAC-18 – Pre-filed Evidence of CAC, Appendix E: Table of Distances, Open/Closed Stores in Manitoba | Exhibit | ||
| CAC-19 – Pre-filed Evidence of CAC, Appendix F: Requests for Data and Responses | Exhibit | ||
| CAC-20 – Pre-filed Evidence of CAC, Appendix G: Curriculum vitae of Dr. Jerry D. Patrick Buckland | Exhibit | ||
| CAC-21 – Pre-filed Evidence of CAC, Appendix G: Curriculum vitae of Dr. Chris Robinson | Exhibit | ||
| CAC-22 – Pre-filed Evidence of CAC, Appendix G: Curriculum vitae of Dr. Wayne Simpson | Exhibit | ||
| CAC-23 – Pre-filed Evidence of CAC, Appendix G: Curriculum vitae of Zoë St. Aubin | Exhibit | ||
| CAC-24 – Pre-filed Evidence of CAC, Appendix G: Statement of Qualification for Dr. Jerry D. Patrick Buckland | Exhibit | ||
| CAC-25 – Pre-filed Evidence of CAC, Appendix G: Statement of Qualification for Dr. Chris Robinson | Exhibit | ||
| CAC-26 – Pre-filed Evidence of CAC, Appendix G: Statement of Qualification for Dr. Wayne Simpson | Exhibit | ||
| CAC-27 – Pre-filed Evidence of CAC, Appendix G: Statement of Qualification for Zoë St. Aubin | Exhibit | ||
| CAC-30 – CAC Opening Comments – PowerPoint Presentation | Exhibit | ||
| CAC-31 – Outline of Coalition Evidence | Exhibit | ||
| CAC-32 – Payday Lending: A Mature Industry with Chronic Challenges – Presentation by Dr. Jerry Buckland | Exhibit | ||
| CAC-33 – Comparing Payday Loans and Two Alternative Small Loan Products – Focus Group Two – Presentation by Dr. Jerry Buckland | Exhibit | ||
| CAC-34 – Survey Evidence on Payday Loan Borrowing – Presentation by Dr. Wayne Simpson | Exhibit | ||
| CAC-35 – Manitoba Consumers Experience’s with Payday Loans – Research Study – Presentation by Zoe St. Aubin | Exhibit | ||
| CAC-36 – Regulating Payday Lending in Manitoba: Three Recommendations – Presentation by Dr. Chris Robinson | Exhibit | ||
| CAC-37 – United States Payday Loan Regulations | Exhibit | ||
| CAC-38 – Response to Undertaking #2 | Exhibit | ||
| CAC-39 – Estimates of Cost of Capital | Exhibit | ||
| CAC-40 – Response to Undertaking #1 | Exhibit | ||
| CAC-41 – A Regulatory Success Story – Protection, Access and Sustainability in Manitoba – Closing Submission of the Public Interest Law Centre (PILC) on Behalf of the Consumer Coalition | Exhibit | ||
| CAC-42 – Consumer Coalition’s Final Recommendations | Exhibit | ||
| CAC-42-1 – Attachment to Final Recommendations – Submission from 2007-2008 Payday Loans Review | Exhibit | ||
| CPLA-2 – Pre-filed Evidence of CPLA | Exhibit | ||
| CPLA-3 – Pre-filed Evidence of CPLA, Schedule A, Manitoba Payday Lender License Count 2009-2016 (January 2016) | Exhibit | ||
| CPLA-4 – Pre-filed Evidence of CPLA, Schedule B, Environics Research Group: Payday Loan Users Study, Manitoba | Exhibit | ||
| CPLA-5 – Pre-filed Evidence of CPLA, Schedule C, Chart of Maximum Lending Rates and Other Regulations in Canada | Exhibit | ||
| CPLA-6 – Pre-filed Evidence of CPLA, Schedule D, Sample of Web Pages of Manitoba Internet Payday Lenders, March 2016 | Exhibit | ||
| CPLA-8 – Pre-filed Evidence of CPLA, Schedule F, Consumers Council of Canada Report, Consumer Experience in Online Payday Loans, 2015 | Exhibit | ||
| CPLA-9 – Pre-filed Evidence of CPLA, Schedule G, Deloitte LLP: Summary of the 2015 Survey on the Cost of Providing Payday Loans in Alberta | Exhibit | ||
| CPLA-12 – CPLA – Opening Comments | Exhibit | ||
| CPLA-13 – Standard Reporting Requirements | Exhibit | ||
| C11-2 – Pre-filed Evidence of C11 | Exhibit | ||
| Exhibit Lists | Exhibit |
Information Requests
| Title | Type | ||
|---|---|---|---|
| PUB to Coalition Information Requests | Information Requests | ||
| PUB to CPLA Information Requests | Information Requests | ||
| PUB to C11 Information Requests | Information Requests | ||
| Coalition to CPLA Information Requests | Information Requests | ||
| Coalition to C11 Information Requests | Information Requests | ||
| CPLA to Coalition Information Requests | Information Requests |
Public Participation
| Title | Type | ||
|---|---|---|---|
| Letters to the Public Utilities Board from payday loans consumers received on March 31, 2016 | Mar 31, 2016 | Public Participation | |
| The Outcomes for Consumers of Differing Approaches to the Regulation of Small Dollar Lending – Presentation to the Manitoba Public Utility Board by Anna Ellison of Policis | Public Participation | ||
| Written Submission from SEED Winnipeg Inc. | Public Participation | ||
| Letters to the Public Utilities Board from payday loans consumers submitted by Cash Money | Public Participation | ||
| Letter to the Public Utilities Board from Money Mart, with attached Report from Deloitte LLP | Public Participation |
Report
| Title | Type | ||
|---|---|---|---|
| Report on the 2016 Payday Loans Review – June 17, 2016 | Jun 17, 2016 | Report |
Submission
| Title | Type | ||
|---|---|---|---|
| Consumer Protection Office – Report dated March 9, 2016 regarding the Public Utilities Board Process | Mar 9, 2016 | Submission |
Transcript
| Title | Type | ||
|---|---|---|---|
| PayDay Loans Review – Transcript – April 18, 2016 (Pages 944 to 1120) | Apr 18, 2016 | Transcript | |
| PayDay Loans Review – Transcript – April 15, 2016 (Pages 814 to 943) | Apr 15, 2016 | Transcript | |
| PayDay Loans Review – Transcript – April 14, 2016 (Pages 531 to 813) | Apr 14, 2016 | Transcript | |
| PayDay Loans Review – Transcript – April 13, 2016 (Pages 239 to 530) | Apr 13, 2016 | Transcript | |
| PayDay Loans Review – Transcript – April 12, 2016 (Pages 1 to 238) | Apr 12, 2016 | Transcript |
Take part in this proceeding
Two ways for the public to be heard.
| Order | Type | Description | ||
|---|---|---|---|---|
| 71/16 | Jun 1, 2016 | General | Award of Costs: Consumers' Association of Canada (Manitoba) Inc., Winnipeg Harvest, Community Financial Counselling Service (The Consumers Coalition) Intervention in the 2016 Manitoba Payday Leading Review | |
| 39/16 | Mar 21, 2016 | General | Award of Costs: Consumers’ Association of Canada (Manitoba) Inc., Winnipeg Harvest, Community Financial Counseling Service (the Consumers Coalition) - Intervention in the 2016 Manitoba Payday Lending Review | |
| 33/16 | Mar 14, 2016 | General | Payday Loans Review: Amendment Board Order 30/16 - Schedule of Proceedings | |
| 30/16 | Mar 8, 2016 | General | Payday loans Review: intervener Status and Schedule of Procedures | |
| 28/16 | Mar 1, 2016 | General | Payday Loans Review: intervener Status and Schedule of Proceedings |
Past
-
Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing
-
Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing
-
Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing
-
Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing
-
Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing
-
Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing
-
Public Utilities Board – 2016 Review of Maximum Allowable Charges and Fees for Payday Loans – Public Hearing
None