Nova Scotia Advocate: Banks push poor people towards predatory loan sharks, report suggests
Poor people use financial services such as payday loans because banks don’t work for them, a report suggests.
Learn more about ACORN Canada's groundbreaking campaigns regulate payday lending and international remittances and money transfers.
Poor people use financial services such as payday loans because banks don’t work for them, a report suggests.
Posted December 6, 2016
A new report from left-leaning think-tank the Canadian Centre for Policy Alternatives suggests payday loans are a last resort for many.
The CCPA and ACORN have just released a comprehensive report on predatory lending.
A new survey finds that most who turn to payday lenders do so because they are denied traditional sources of credit.
Two reports contradict critics who say more regulation key to helping stop abuse of system.
The provincial government has announced a reduction in the amount payday loan companies can charge for lending.
The provincial government announced it is reducing the allowable interest rate for payday loans but critics say it's not enough.
Les prêts à tempérament - une forme de crédit à la consommation - sont souvent offerts à même les magasins.
On Tuesday September 6, 2016, ACORN Canada members in Ottawa, Toronto, and Vancouver organized a coordinated Day of Action to demand that major Canadian financial institutions and investment companies stop investing and directing investment into high interest, predatory companies like easyfinancial and easyhome; and end banking practices that generate profits off of Canada's lowest-income families.