Are you considering a payday loan? Check before you borrow!
Are you considering a payday loan? Check before you borrow.
Payday lenders must be licensed by the Financial and Consumer Services Commission (FCNB) to offer loans in New Brunswick, even if they only operate online.
FCNB has received complaints from consumers about unlicensed, online payday lenders. Making sure a payday lender is licensed ensures they are subject to New Brunswick’s consumer protection laws.
Check licensing and find out more about your rights and the financial implications of payday loans at fcnb.ca.
About the FCNB
FCNB provides New Brunswickers with the knowledge, skills, and confidence to make informed spending and investing decisions.
We inform, educate, and protect over 800,000 consumers through regulation and financial education, and we regulate 36,000 industry participants who make their living working with New Brunswickers’ money.
As the province’s financial and consumer services regulator, we are responsible for the administration and enforcement of provincial legislation that regulates securities, insurance, pensions, credit unions, trust and loan companies, cooperatives, and more.