Fair Fees - Frais équitable

 
Fair Banking - Our Fair Banking campaign seeks to make mainstream banking fairer, while also fighting to end predatory lending and encourage the creation of alternation banking products for low and moderate income earners. Learn more about our Fair Banking campaign here
 
Digital Access to Opportunities - Access to the internet has become a necessity, and the high cost of service affects access to opportunities in the job market, in school, and in many other aspects of daily life. ACORN Canada members demand $10/month high speed internet for low income families as part of our Digital Access to Opportunities campaign. Take action on closing the digital divide - sign the petition
 
Regulate Remittances - Remittances (sending money overseas through money transfer organizations like Western Union) and payday loans are big business in Canada, and thousands of Canadians are getting gouged by companies charging exorbitant fees for these services. ACORN Canada members work for the regulation of these fees and fairness in the remittance and payday loan industries.

Fast Forward Weekly: Bank fees 'killing' migrant workers

An international community-based, low-income advocacy organization is calling on the Canadian government to regulate the “predatory” remittance industry.

The Association of Community Organizations for Reform Now, Canada (ACORN Canada) says the unregulated practise of charging up to 50 per cent for money transfers — a $400-billion industry according to the World Bank — is punishing migrant workers and immigrants, many of whom send money to their families back home.

“The remittance fee is killing us,” says Kay Bisnath, president of ACORN International. “Migrant workers’ and immigrants’ families depend on the money that their loved ones in Canada and around the world send to their homeland.”

Bisnath says banks and money transfer businesses can charge as much as 50 per cent in remittance fees. A migrant worker sending $100 to their family can be charged between $32 and $35 through the TD Bank, says Bisnath. “When you have to pay all these remittance fees, what are the loved ones left with?”

ACORN is calling for the Canadian government to limit the amount banks and financial institutions can charge to five per cent.
“We’re trying to end this predatory practise by the banks and financial agencies,” says Bisnath.

The original article is available at:

http://www.ffwdweekly.com/article/news-views/news/bank-fees-killing-migrant-workers-acorn-7105/

Toronto Star: Immigrants gouged on money transfers

December 10th, 2010 by Carol Goar in the Toronto Star

They fought to get their landlords to clean up their cockroach-infested apartments and won. They fought to get payday lenders to lower their astronomical borrowing rates and won. Now ACORN Canada, a network of low-income Canadians, is embarking on its most ambitious project.

It has just launched a campaign to get North American banks to reduce the “predatory” fees they charge immigrants and migrant workers to transfer money to their families back home.

ACORN made its first move Monday. It released a report showing the rates charged by Canada’s chartered banks, their American counterparts and two money-transfer companies to send $100 to various destinations.

The figures were startling. Fees ranged from $3.70 to $66.25 (not including the pickup charges usually imposed at the receiving end).

Here is a sample, using a transfer of $100 from Toronto to Mexico:

• MoneyGram, which has the lowest fees, charges between $3 and $10 (depending on the service and destination) plus an exchange rate fee of 70 cents for a maximum total of $10.70.

Star: TTC Riders Unite

For Edward Lantz, who lives on a disability income, the January fare hike means $11 less each month for groceries.

"We know what's going on in regards to people on low incomes. They're having a hard time deciding whether to pay the rent – it's either rent or food – and now this added cost of the TTC pass is coming into play," said Lantz, chair of the St. James Town chapter of ACORN, another of the riders' union organizers. (The Association of Community Organizations for Reform Now advocates for moderate and low-income families.)

Full article: http://www.thestar.com/news/gta/ttc/article/728923--riled-red-rocket-rid...

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