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.

Ontario Payday Loan Rate Cap Gets Cabinet Approval

When ACORN began organizing around payday lending 5 years ago there were no rules, no licenses, and no rate caps; it was the wild west of lending.

On Friday the Government of Ontario announced that the cabinet has approved the new rate cap and that the provisions of The Payday Loan Act will be coming into effect over the coming months.

ACORN considers the key provisions of the legislation – banning rollover loans, licensing of lenders, 48 hour cooling off period – to be important victories, and an acknowledgement of the predatory practices that had become synonymous with the industry.

Ontario Payday Loan Next Steps

Feb 6, 2009 - Today the Board established by the Province of Ontario to make a recommendation on the cap for payday loan rates released their report. It calls for payday loan costs to be capped at $21 for every $100 borrowed.

While we hoped for a stronger rate cap, we urge the McGuinty administration to act quickly to make this recommendation law.  We are calling on Minister of Small Business and Consumer Protections (MPP Harindar Takhar) to immediately bring the issue to cabinet and to advocate for its quick approval.


This may not be the rate cap ACORN members wanted, but it's still a major victory.  When ACORN began organizing around payday lending, there were no rules, no licenses, and no rate caps; it was the wild west of lending.

Today most Provinces have brought in regulation to curb the most predatory of the practices in the industry, and slowly their bringing in rate caps to prevent excessive fee's and interest.

It's about time.

Payday Lending Regulation in Ontario

For the last 4 years ACORN has been organizing to win regulations to protect working families and consumers who use payday loans.

ACORN is pleased to announce a major step forward in this important campaign in Ontario.

Together with our allies at the National Anti-Poverty Organization (NAPO), the Public Interest Advocacy Center (PIAC) and Option Consommateurs (OC), we've submitted a letter of joint support to the provincial Board that will be making recommendations regarding the cost of payday loans.

In the letter we lay out 3 areas of core concern where the board can take bold action to rein-in the industries rates and protect consumers; Cost of borrowing for waged consumers, for consumers on social assistance and default rates.

This is one part of a long term strategy to reduce the cost of short term credit for low income consumers.  ACORN leaders are calling on Canada's Banks and Credit Unions to develop new low cost financial products that will give working families a mainstream alternative to payday loans.