Learn more about ACORN Canada's groundbreaking campaigns regulate payday lending and international remittances and money transfers.
Posted March 29, 2022
The pandemic’s disproportionate financial impact on low- and moderate-income Canadians have catalyzed a disturbing new trend of high-cost loan usage, according to a new report.
Posted March 29, 2022
Sometimes, requests made of governments seem so eminently reasonable that it’s amazing they need be repeated over and over again.
Posted March 28, 2022
A new report from ACORN Canada has found the pandemic forced a lot of families to take a high-cost loan specifically because of the pandemic.
ACORN reported that 440 people took their survey, and 113 respondents reported they had to resort to pay day lenders and pay high interest rates to access the money.
Posted March 3, 2022
“All I did was cry,” says Kathleen Miller-Zane. She’s retelling the story of realizing her loan from easyfinancial was more than she bargained for. After thumbing through her contract, she found out her initial $5,000 loan would eventually cost her $3,500 in interest – $8,500 in all. “Here I am crying away,” she says. “I can’t believe I’m so stupid. What did I do?”
Posted February 1, 2022
Back in 2019, Shelly-Ann Allan's bank refused to lend her the money she needed to help pay for her father's funeral, so she had to turn to a payday loan company.
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!“
Posted January 4, 2022
Posted December 16, 2021
A group which advocates for low-to-moderate income earners wants Ottawa to act on what it calls the criminal interest rate of predatory loans.
ACORN New Brunswick spokesperson Peter Jongeneelen says if you can’t get a loan from a bank you must resort to other lenders with staggering interest rates.
Posted December 16, 2021
When money is tight at the end of the month, Liz Scott is forced to make some difficult decisions.
But Scott, who relies on Ontario Disability Support Program payments, avoids the temptation of high-interest loans at all cost.
Posted on December 15, 2021