Learn more about ACORN Canada's groundbreaking campaigns regulate payday lending and international remittances and money transfers.
Lenders can hike interest rates up to 59 per cent. One senator is trying to make that illegal.
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.
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.
When Betty Morrison moved to London, she was trying to escape a payday loan she couldn’t afford to pay back.
The group delivered demands to Money Mart and Cash ‘N’ Cheque on Concession Street
Loans Bad Credit Online – Use of payday loans surges amid COVID-19 pandemic, new survey finds
Feb. 17 protest part of national day of action
CHCH coverage of Hamilton ACORN members participating in ACORN's national day of action against predatory lending
Advocates call for anti-predatory lending strategy
Interview - Betty Morrison, London ACORN Leader