Payday Lending & Remittances

Learn more about ACORN Canada's groundbreaking campaigns regulate payday lending and international remittances and money transfers.

The Globe and Mail: In a cashless world, society’s most vulnerable are being left behind

In Canada, 3 per cent of the population – about one million people – are “unbanked,” meaning they do not have a relationship with a mainstream financial institution, according to a 2016 report by Acorn Canada and the Canadian Centre for Policy Alternatives. 

A further 15 per cent – or roughly five million Canadians – are what the report calls “underbanked,” people with a bank account but no credit, people unable to afford fees or high interest rates linked to products for low-income borrowers or those who live in a neighbourhood that does not have a bank branch. 

Donna Borden, spokeswoman for Acorn’s Fair Banking campaign, says these people are often seniors, people on disability benefits, newcomers and people with mental-health issues, as well as those without a permanent address or government identification. For street-involved people who do have a bank account, holding onto the cards necessary to access money can be difficult. 

“Go Away , We Won’t Pay!” Vanier Anti-Predatory Lending Rally! * “Pas un de plus!” Rassemblement de Vanier contre les prêts prédateurs !

Ottawa ACORN Vanier Payday Loans

ACORN members here in Ottawa and across the country are calling for REAL alternatives to payday lenders from ALL levels of government. * Les membres d'ACORN, ici à Ottawa et partout au pays, réclament de VRAIES alternatives aux prêteurs sur salaire de tous les paliers de gouvernement.