Cash Central Financial Services Inc. is a licensed payday lender that operates from 401 Martin St., Penticton. Google Street View.

Penticton payday lender fined

Cash Central Financial Services was fined for violating BC’s consumer protection laws

A Penticton payday lender has been fined $1,500 for violating British Columbia’s consumer protection laws.

Consumer Protection BC has issued a compliance order and administrative penalties totalling $1,500 against Cash Central Financial Services Inc., a licensed payday lender based in Penticton.

Consumer Protection BC is the regulator of a variety of sectors and specific consumer transactions in the province.

The company was fined for both;

  • Failing to state the annual percentage rate on payday loan agreements, contrary to section 112.06 (2)(k) of the Business Practices and Consumer Protection Act (BPCPA)
  • Issuing a new payday loan to a borrower who already has a payday loan issued by the lender, contrary to section 112.08 (1)(b) of the BPCPA

The business has been ordered to comply with the requirements of the BPCPA, and to reimburse Consumer Protection BC partial costs for the inspection in the amount of $650 within 30 days.

By law, the business has 30 days to request a reconsideration of the decision.

All money Consumer Protection BC receives from administrative penalties is deposited into the consumer advancement fund.

For more information on this case, click here.


@carmenweld
carmen.weld@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Telephone poles placed in centre of sidewalk angers West Kelowna watchdog

Audience Group calls placement of poles in new Boucherie Road upgrade project ‘idiocy’

Kelowna asking public to help update its Cultural Plan

Second survey this year to posted to gather public input about cultural programs and services

Three candidates drop out of Central Okanagan municipal election

Two running for Peachland/OK West trustee and OK East rural director candidate step aside

West Kelowna water warning downgraded

City lowers boil water notice for Lakeview water system to a water quality advisory

Ancestral remains uncovered at Fintry to be reburied

Remains found along Shorts Creek in Fintry Provincial Park during flood remediation measures

Your weekend weather update

Rain continues to move right across the Okanagan, Shuswap and Similkameen.

B.C. premier apologizes for removal of 1950s totem pole at Canada-U.S. border

First Nations say pole was raised at Peace Arch but removed to make way for tourism centre

Tornado touches down in Ottawa and Gatineau, Que.

Environment Canada says cars and homes have been damaged by severe thunderstorms and high wind gusts

Low risk associated with case of pneumococcal disease in the South Okanagan

No identified risk to the public from recent case of pneumococcal disease with associated meningitis

An unexpected sight: Bear spotted eating another bear in central B.C.

Cheslatta Carrier Nation Chief finds bear eating another bear’s carcass

RCMP confirm death of missing BC teen Jessica Patrick

No details on cause were given. Case is under criminal investigation and police are asking for tips.

CUTENESS OVERLOAD: 2 sea otters hold hands at the Vancouver Aquarium

Holding hands is a common – and adorable – way for otters to stay safe in the water

B.C. teen with autism a talented guitarist

Farley Mifsud is gaining fans with every performance

Yukon man facing new attempted murder charge in B.C. exploding mail case

Leon Nepper, 73, is now facing one charge each of aggravated assault and attempted murder

Most Read