Payday Lending & Remittances

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

Vancouver Sun: Bring fairness to remittance fees

Remittances BC

Remittances are big business. A remittance is a sum of money sent by global workers and immigrants to family and friends in their countries of origin. The World Bank estimates that globally in 2012, more than $400 billion US was remitted. Most of this money moved from individuals living and working in wealthy countries to relatives in middle- and low-income countries. To put this in context, global remittances in 2012 nearly equalled the annual global revenues of Walmart.