The Financial and Consumer Services Commission (FCNB) is reminding New Brunswickers to be mindful of the risks of borrowing from an unlicensed payday lender.
Resources
Wed, May 27
How do payday loans work?
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Find out how payday loans work in this in this Payday Loan infographic.
Resources
Mon, Jun 08
What are the rules for payday lenders?
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Do payday lenders need to be licensed? Do payday lenders have to post their rates? Should I give a payday lender access to my bank account? Find out the answers to these questions and more in this Payday Loan infographic.
Resources
Mon, Jun 08
What does a payday loan cost?
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Find out how much a payday loan really costs in this Payday Loan infographic.
Resources
Mon, Jun 08
Can a payday lender do that?
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Find out what payday lenders can and cannot do in this Payday Loan infographic.
Resources
Tue, Jun 09
Who is working with you and your money?
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Whether you're getting a mortgage, buying insurance, making a purchase at your door or investing for your future, the professionals you deal with may need to be licensed or registered with FCNB.
Guide
Everything seems to cost more these days. At the gas pumps and grocery stores, New Brunswickers are seeing higher prices, largely due to inflation.
What is inflation?
Inflation relates to how the value of your money changes over a period of time. What your money can buy today compared to a period of time in the past is the measurement of inflation.
Guide
Our economy has experienced many ups and downs in the past two years due to the pandemic, inflation, increasing interest rates, and now a looming recession.
Rising prices may affect some New Brunswickers’ ability to meet day-to-day expenses, causing them to consider a loan from an online payday lender as a short-term fix to an immediate financial need.
News and Alerts
7 Mar 2023
A decrease in dollars lost to fraud in New Brunswick, coupled with a rise in the number of frauds reported in 2022, could mean consumers are becoming more comfortable identifying and reporting frau