December 24, 2024
SHARE
The Backbench
#111 Payday Loans: the Cost of Being Poor
Starting January 1st, the criminal interest rate on predatory lending will be lowered, meaning it should be safer to take out payday and installment loans. But these businesses have a tendency to skirt the law, adding unexpected fees and insurance rates to keep borrowers in the hole.
Sam Konnert
Producer
Aviva Lessard
Senior Producer
Caleb Thompson
Audio Editor
max collins
Director of Audio
Jesse Brown
Host & Publisher

Sam welcomes Donna Borden to the show – an organizer with ACORN. She’s been a victim to these loans, and is now fighting against them. Will the crackdown work and really help lower people’s payments? How can we make short term loans a real option for people struggling, without the sky-high payments?

 

Host: Sam Konnert

Credits: Aviva Lessard (Producer), Sam Konnert (Producer), Caleb Thompson (Audio Editor and Technical Producer), Max Collins (Director of Audio), Jesse Brown (Editor), Tony Wang (Artwork)

 

Guests: Donna Borden

 

Background reading:

 

Sponsors: 

 

Douglas is giving our listeners a FREE Sleep Bundle with each mattress purchase. Get the sheets, pillows, mattress and pillow protectors FREE with your Douglas purchase today at douglas.ca/canadaland

 

Article is offering our listeners $50 off your first purchase of $100 or more

To claim, visit article.com/backbench and the discount will be automatically applied at checkout.

 

If you value this podcast, Support us! You’ll get premium access to all our shows ad free, including early releases and bonus content. You’ll also get our exclusive newsletter, discounts on merch, tickets to our live and virtual events, and more than anything, you’ll be a part of the solution to Canada’s journalism crisis, you’ll be keeping our work free and accessible to everybody. 

You can listen ad-free on Amazon Music—included with Prime.

More from this series
Carney wins, Poilievre loses, Jagmeet steps down. What went down?
April 29, 2025
Today we are bringing you a great episode from our friends at Canardian!
April 25, 2025
April 24, 2025
While most Canadians are gearing up to head to the polls, some are looking for an escape plan.
April 22, 2025
There are 1959 people running to represent YOU in this federal election in the year of our lord 2025 - and we’re looking for dirt. 
April 17, 2025
With two weeks out from election day, Ottawa is buzzing.
April 15, 2025
It’s an election, we’re googling your candidate.
April 10, 2025
Last week, Pierre Poilievre said tick tock goes your biological clock.
April 8, 2025
all podcasts arrow All Podcasts
The Backbench