March 3, 2011 - Yesterday ACORN Canada members from 20 chapters nationwide called on the Provincial Governments and the Financial Consumer Agency of Canada (FCAC) to take immediate steps to regulate the remittance industry in Canada. Remittance providers have been shown to charge as much as $50 in fees for a simple $100 remittance from Canada to a country in the developing world.
In Metro Vancouver ACORN Canada members marched to the headquarters of the Financial Institutions Commission (FICOM) in Surrey and held a rally. Leader Pascal Apuwa delivered a letter and a copy of of the report Past Time for Remittance Justice to the CEO Carolyn Rogers and secured a future meeting to discuss steps that FICOM could take to rein in this rogue industry.
In Ottawa 25 members were joined by member of SEIU Canada local 2 and the Canadian Union of Postal Workers for a rally at the FCAC. Leader Michelle Walrond delivered a letter to the FCAC calling on them to bring in regulations that meet the World Bank’s recommended rate cap of 5% on all remittance fee’s.
In Toronto members held a press conference on the steps of the Ontario Ministry of Finance after being refused entry to deliver a letter to the Minister of Finance’s office. Global TV and other press outlets covered the event.