about1

News and Announcements

CLA RESPONDS TO THE COMPETITION BUREAU'S FINTECH PUBLIC CONSULTATION

Toronto, Canada, November 20, 2017 – Canadian Lenders Association (CLA) responds to the Competition Bureau’s public consultation regarding: “Technology-led innovation and emerging services in the Canadian financial services sector”

Read Response here.

CANADIAN LENDERS ASSOCIATION & INNOVATIVE LENDING PLATFORM ASSOCIATION LAUNCH SMART BOX IN CANADA

Seven Canadian Lenders commit to adopt landmark transparency tool

Toronto, Canada, and Washington, D.C., October 26, 2017 – The Canadian Lenders Association (CLA) and the Innovative Lending Platform Association (ILPA) today announced the introduction of the SMART Box™ into Canada – a model pricing disclosure and comparison tool that will enable Canadian small businesses to better assess and compare their finance options. Top small business lenders in the country, including Company Capital, Evolocity Financial Group, IOU Financial, Lendified, Merchant Advance Capital, OnDeck® and Thinking Capital, have committed to adopt the tool for use by their customers.

Read Full Press Release here.

ILPA AND CLA PARTNER TO PROMOTE INNOVATIVE LENDING PRACTICES

Washington, D.C., and Toronto, Canada, August 21, 2017 - The Innovative Lending Platform Association (ILPA) and the Canadian Lenders Association (CLA) today announced a partnership to support innovative services and access to capital for small businesses in the United States and Canada.

Read full press release here.

AN OPEN LETTER TO HON. TRACY MACCHARLES REGARDING “THE PUTTING CONSUMERS FIRST ACT”

Toronto, Canada, August 18, 2017 - Canadian Lenders Association (CLA) responds to The Putting Consumers First Act (Consumer Protection Statute Law Amendment).

Read Open Letter here.