August 17, 2018

British Columbia: Stakeholder Feedback, High-Cost Credit Products & Alternative Lending Industry

To: British Columbia Ministry of Public Safety & Solicitor General Thank you for this opportunity to provide stakeholder feedback around the subject of high-cost consumer credit products and the alternative/innovative lending industry.  We are grateful to be part of this important conversation which affects the ability for millions of Canadian […]
August 8, 2018

CLA’s August 2018 Legal Update

Review here: CLA August Monthly Update This monthly report covers any consumer and commercial Lending regulatory and policy activity on a provincial and federal level for the month of August. The report details: Jurisdiction Name of Law/Regulation Brief Summary of Changes The report is prepared monthly by the Advocacy and […]
August 7, 2018

CLA Launches the Innovative Lenders Awards

Toronto, Canada, August 7, 2018 – Today, the Canadian Lenders Association (CLA) announced the Innovative Lenders Awards– a recognition of executives and thought leaders who have developed and fostered innovative concepts and strategies that have helped move the lending industry forward. Nominations are now open at “The CLA is excited […]
July 26, 2018

Jason Mullins, goeasy’s President and COO Joins the Canadian Lenders Association as Vice Chair

Toronto, Ontario, July 26, 2018: The Canadian Lenders Association (CLA), is pleased to announce that effective July 11, 2018, Jason Mullins, President and Chief Operating Officer of goeasy Ltd., was voted onto the leadership committee as Vice Chair by the board of the CLA. The CLA was established for businesses […]
June 15, 2018

The Canadian Lenders Association Outlines National Advocacy & Regulatory Principles

Toronto, Canada, June 18, 2018 –  Today, the Canadian Lenders Association released a set of principles intended to help guide our advocacy and regulatory  outreach and collaboration both provincially and nationally with the aim of improving transparency, provide a balanced regulatory frameworks, and an open marketplace. “The Canadian Lenders Association represents the all […]
March 22, 2018

Technology-led innovation in the Canadian financial services sector

Report: December 14, 2017 Information Centre Competition Bureau 50 Victoria Street Gatineau QC K1A 0C9 Executive summary “The future is now. Let’s get it right by providing policymakers with the information they need to nurture a competitive environment that allows Canada’s FinTech companies to innovate and grow.” John Pecman, Commissioner of Competition About this […]
March 10, 2018

An Overview of FinTech in Canada – lending

LENDING (PERSONAL OR BUSINESS) The FinTech lending sector consists of non-bank platforms that provide rapid onboarding, serve a wider range of clients than traditional financial institutions, and in some cases offer lower interest rates.19 These platforms grew tremendously in popularity for small to medium businesses and individuals after the financial […]
February 16, 2018

Observations pour la réunion du Comité sénatorial concernant le projet de loi S-237

Mesdames et Messieurs les membres du Comité sénatorial permanent des banques et du commerce, je tiens à vous remercier de m’avoir invité à votre réunion alors que vous examinez le projet de loi S-237 — un projet de loi d’initiative parlementaire de la sénatrice Ringuette — sur la définition de « taux […]
February 8, 2018

Transcript of Senate Hearing on Bill S-237

The Chair: Thank you all very much. It’s been very helpful. You are very informative. If you wish to provide information to us, we look forward to that as well. For our second panel, we welcome Mr. Gary Schwartz, President, Canadian Lenders Association by video conference from Toronto; and Ali […]
February 8, 2018

Gary Schwartz Remarks to Senate Committee Regarding Bill S-237

Remarks for Senate Committee Meeting RE: S-237 Good afternoon, members of the Senate Committee on Banking, Trade and Commerce.  Thank you for inviting me to attend your Committee meeting today, as you examine Bill S-237, Senator Ringuette’s Private Member’s Bill as it relates to the “criminal interest rate” definition currently […]