Payday Lending & Remittances

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

Capital Current: Ottawa anti-poverty group leads Vanier rally calling for government to ‘criminalize’ high-interest lending

Posted January 11, 2022

On a sunny afternoon in Vanier, red flags waved and chanting could be heard in the parking lot of a strip mall on Donald Street. A crowd of 20 people answered a voice from a megaphone: “What do we want? Fair banking! When do we want it? NOW!“

Jacobin: Despite Record Profits for Canada’s Big Banks, Customer Fees Keep Going Up

Posted December 15, 2021

Christmas is coming early for Canada’s bankers.

The six largest banks hit record-breaking profits in 2021 and will pay out massive bonuses at the year’s end, newly released fourth quarter earnings reports show. On the strength of a combined $57.4 billion in profits, the Big Six are paying out $18.8 billion in bonuses before the holidays.

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