Toronto Star: NDP asks Ottawa to slash interest rates on payday loans
Posted March 12, 2021
Learn more about ACORN Canada's groundbreaking campaigns regulate payday lending and international remittances and money transfers.
Payday Lending & Remittances
St Catharines Standard: NDP asks Ottawa to slash interest rates on payday loans
Posted March 12, 2021
Montreal ACORN takes action against predatory lenders * Montréal ACORN prend des mesures contre les prêteurs prédateurs
Posted March 10, 2021
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CBC The National: Payday lender lines of credit and instalment loans at 47% create debt traps, critics say
Posted March 5, 2021
Huffington Post: Low-Income Canadians Face 'Abusive' Lending Rates Even In Pandemic
Lenders can hike interest rates up to 59 per cent. One senator is trying to make that illegal.
Toronto Star: Editorial: The high cost of banking for millions of Canadians
While interest rates remain pinned to historic lows, and while the country’s Big Six banks continue to rack up profits in the multibillions, a vast swath of borrowers have been cast out of the realm of conventional lending.
Mortgage Broker News: Canadians’ payday, instalment loan balances mounting
A growing number of households are using more costly payday and instalment loans due to the COVID-19 pandemic, according to anti-poverty group Acorn Canada.
London Free Press: Londoner opens up about payday-loan agony as activists urge crackdown
When Betty Morrison moved to London, she was trying to escape a payday loan she couldn’t afford to pay back.
CBC News: Hamilton ACORN leaders target predatory lenders to demand lower interest rates
The group delivered demands to Money Mart and Cash ‘N’ Cheque on Concession Street
Fintech Zoom: Loans Bad Credit Online – Use of payday loans surges amid COVID-19 pandemic, new survey finds
Loans Bad Credit Online – Use of payday loans surges amid COVID-19 pandemic, new survey finds