Learn more about ACORN Canada's groundbreaking campaigns regulate payday lending and international remittances and money transfers.
Rallies were held across the country on Thursday demanding fair banking services for low-income communities
A protest in downtown Hamilton this morning outside the CIBC, was aimed at the big banks in Canada.
Across the country today, ACORN members and allies took to the streets to demand fair financial services! Around 13% of Canadians are underbanked, meaning they have a bank account but are denied access to basic credit by mainstream banking, forcing them to rely on high-interest lenders charging predatory rates.
Boasting of an economic plan that will benefit the ‘middle class and those working hard to join it’, Finance Minister, Bill Morneau, laid out the Federal Government’s Fall Economic Statement last Tuesday.
Ottawa ACORN members have been tirelessly fighting for stricter regulations on payday loan companies in their neighbourhoods and are happy to see the City take the necessary steps forward to limiting their proliferation in low income communities. // Les membres d'ACORN Ottawa se sont battus sans relâche pour une réglementation plus stricte des compagnies de prêt sur salaire dans leurs quartiers, et sont heureux de voir la Ville prendre les mesures nécessaires pour limiter leur prolifération dans les communautés à faible revenu.
A motion by Rideau-Vanier Coun. Mathieu Fleury to create separate zoning for payday loan companies was approved by council on Sept. 27.
CBC series on debt looks at payday lenders.
Robbie McCall borrowed a few hundred dollars to buy his daughter a Christmas gift, and soon owed thousands
There are 70 payday lending institutions in Ottawa, and the city is eyeing long-term plans to develop regulations to control their spread.
Posted July 20, 2017