Business ProfileforVenue Financial Centre
At-a-glance
Related Categories
Business Details
This is a multi-location business.
- Location of This Business
- 4 - 1708 Bowen Rd, Nanaimo, BC V9S 1G9
- BBB File Opened:
- 2/3/2017
- Licensing Information:
An enforcement action was reported by Consumer Protection BC, the regulatory body for payday lenders, on September 15, 2017 against Venue Financial Ltd. dba Venue Financial Centres, with locations throughout BC, which stated in part the following:
In January and June 2017 compliance inspections of seven Venue Financial Centres locations were performed. At six of these locations inspections staff identified issues with the business practices of Venue Financial in arranging and selling credit protection insurance to borrowers during payday loan transactions. The information in the report demonstrated the issues were systemic to all Venue Financial locations. As a result a Director’s order was issued stating the continued sale of credit protection insurance posed a serious financial risk to borrowers.The conditions imposed on each of the fourteen (14) payday lender licenses issued to Venue Financial were in part:
a) Venue Financial must immediately cease the arrangement and sale of credit protection insurance offered by Western Line Assurance Company and;
b) Venue Financial must obtain the prior approval of the Director of Consumer Protection BC before arranging or selling any credit protection insurance product associated with payday loans advanced to borrowers/consumers. For more details on the action please
<a href="https://www.consumerprotectionbc.ca/recent-enforcement-actions-details/?cpbc_caseNumber=29675"target="_blank">click here</a>.
On November 9th, 2018 Consumer Protection BC website reports an undertaking against Venue Financial Ltd. dba Venue Financial Centres regarding the enforcement action taken on September 15, 2017. The company has acknowledged and agrees with the Director to the details of the undertaking, it’s monetary penalties and conditions.For more details please
<a href="https://www.consumerprotectionbc.ca/recent-enforcement-actions-details/?cpbc_caseNumber=29536"target="_blank">click here</a>.
- Business Management
- Katreena Morris, District Manager
- Contact Information
Principal
- Katreena Morris, District Manager
Customer Contact
- Katreena Morris, District Manager
- Additional Contact Information
Fax Numbers
- (250) 984-7666Primary Fax
- (250) 383-2199Other Fax
Phone Numbers
- (250) 383-2111Other Phone
- (778) 421-4343Other Phone
- (250) 984-7666
Customer Complaints
0 Customer Complaints
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