Payday Lending & Remittances

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

Ottawa ACORN Victory Against Predatory Lending! / ACORN Ottawa Victoire Contre les Prêts Abusifs!

After a thorough discussion by City Council members and Mayor Jim Watson, a motion was passed to enact minimum distance and licensing requirements for payday lending companies. // Après une discussion approfondie entre les membres du Conseil municipal et le maire, Jim Watson, une motion a été adoptée pour établir des exigences minimales en matière de distance et de permis pour les entreprises de prêt sur salaire.

The Globe and Mail: In a cashless world, society’s most vulnerable are being left behind

In Canada, 3 per cent of the population – about one million people – are “unbanked,” meaning they do not have a relationship with a mainstream financial institution, according to a 2016 report by Acorn Canada and the Canadian Centre for Policy Alternatives. 

A further 15 per cent – or roughly five million Canadians – are what the report calls “underbanked,” people with a bank account but no credit, people unable to afford fees or high interest rates linked to products for low-income borrowers or those who live in a neighbourhood that does not have a bank branch. 

Donna Borden, spokeswoman for Acorn’s Fair Banking campaign, says these people are often seniors, people on disability benefits, newcomers and people with mental-health issues, as well as those without a permanent address or government identification. For street-involved people who do have a bank account, holding onto the cards necessary to access money can be difficult. 

ACORN's first read on Budget 2019: Almost $23 billion in new spending, but low and moderate income Canadians underwhelmed

ACORN members, hoping for bold action to tackle the affordability crisis sweeping across many Canadian cities, were feeling underwhelmed as the federal government tabled Budget 2019, their last budget before the election in October. 

“Go Away , We Won’t Pay!” Vanier Anti-Predatory Lending Rally! * “Pas un de plus!” Rassemblement de Vanier contre les prêts prédateurs !

ACORN members here in Ottawa and across the country are calling for REAL alternatives to payday lenders from ALL levels of government. * Les membres d'ACORN, ici à Ottawa et partout au pays, réclament de VRAIES alternatives aux prêteurs sur salaire de tous les paliers de gouvernement.

Pages