B.C. regulators order insurance firm, payday lenders to stop 'deceptive' sales

VANCOUVER — An insurance company has been ordered to stop selling policies through two payday lenders and provide refunds after an investigation by British Columbia regulators.
The Financial Institutions Commission says it has issued a cease and desist order against Western Life Assurance Company to stop the sale of creditor group insurance through Venue Financial Ltd. and Cashco Financial Inc.
It says the payday lenders aggressively and deceptively sold Western Life’s insurance prod