Tyler Shymkiw

No new payday loan outlets in Maple Ridge

Council moves quickly on Coun. Shymkiw’s promise.

Only a few weeks after the bylaw was introduced, council has sealed the deal and stopped any more payday loan stores from opening in Maple Ridge.

Final reading was given to two bylaws Tuesday that ban the quick-loan companies from opening any more locations within the city boundaries.

Coun. Tyler Shymkiw led the effort after making a promise during the November election to stop any more payday loan stores from opening.

“Thank you to staff and my colleagues and the mayor for moving this along so quickly,” Shymkiw said.

“I think it’s an important decision that demonstrates we’re going to stand up for families in this community.”

The whole process took about three months, noted Coun. Kiersten Duncan.

Currently, six local stores offer services for as cashing pay cheques or loaning small amounts of money at high interest rates.

Under the bylaws, those stores would stay open, but would be refused a business licence if they closed for more than six months, then tried to re-open.

A staff report says that cheque-cashing stores draw crowds on days when income assistance cheques are issued, while also draining the downtown economy.

Shymkiw earlier described payday loan stores as a “contributor to the cycle of poverty that ultimately ends up putting our citizens on the streets.”





Just Posted

Moonstruck amateur historian chronicled lunar missions

Maple Ridge man’s 50-year-old scrapbook under the gavel on anniversary of the moon walk

Head of Ridge Meadows Sally Ann moving on

Darrell Pilgrim has taken new post on the Sunshine Coast

Campers forced to leave property after reports of trash being thrown in Fraser

A crew was on site Monday to clean out the wooded area in Maple Ridge

Charge laid in Abbotsford motorcycle crash that killed Maple Ridge woman

Megan Kinnee, 19, died in collision on July 13, 2018

VIDEO: B.C. MLA Michelle Stilwell takes first steps in nearly 30 years

‘It actually felt like walking. It’s been 27 years… but it felt realistic to me’

Report of dead body in B.C. park actually headless sex doll

This discovery, made at Manning Park on July 10, led police to uncovering two other sex mannequins

Grand Forks fire chief found to have bullied, harassed volunteer firefighter: report

WorkSafeBC, third-party human resources investigation looking into allegations complete

Dog recovering after being drenched in hot coffee, B.C. man charged

Man was taken into custody, charged, and released pending a court date

Taekwondo instructor, 21, identified as B.C. bat rabies victim

Nick Major, 21, an instructor at Cascadia Martial Arts in Parksville

Science expedition to Canada’s largest underwater volcano departs Vancouver Island

Crews prepared for a two-week research mission to the Explorer Seamount

B.C. shipyard to get one-third of $1.5 billion frigate-repair contract

The federal government has promised to invest $7.5 billion to maintain the 12 frigates

Worried about bats? Here’s what to do if you come across one in B.C.

Bat expert with the BC Community Bat Program urges caution around the small creatures

B.C. on right road with tougher ride-hailing driver rules, says expert

The provincial government is holding firm that ride-hailing drivers have a Class 4 licence

Most Read