Fair Fees - Frais équitable

 
Fair Banking - Our Fair Banking campaign seeks to make mainstream banking fairer, while also fighting to end predatory lending and encourage the creation of alternation banking products for low and moderate income earners. Learn more about our Fair Banking campaign here
 
Digital Access to Opportunities - Access to the internet has become a necessity, and the high cost of service affects access to opportunities in the job market, in school, and in many other aspects of daily life. ACORN Canada members demand $10/month high speed internet for low income families as part of our Digital Access to Opportunities campaign. Take action on closing the digital divide - sign the petition
 
Regulate Remittances - Remittances (sending money overseas through money transfer organizations like Western Union) and payday loans are big business in Canada, and thousands of Canadians are getting gouged by companies charging exorbitant fees for these services. ACORN Canada members work for the regulation of these fees and fairness in the remittance and payday loan industries.

Toronto Star: Opinion: Loan sharks are pulling Canadians under

Posted March 29, 2022

Among the cruelties left in the pandemic’s wake — it lurks and may pounce again — lingering ill-health and punishing debt are at the top. Imagine having to deal with both long COVID and the payday loan you took out that charges interest between 30 and 60 per cent.

This is Canada, not Appalachia. How is this legal? It’s not a loan as we know it; it’s more like extortion.

Toronto Star: More low-income Canadians took out instalment loans during the pandemic — and had to pay interest rates of up to 60%

Posted March 29, 2022

A new report highlights the impact that high-cost loans had on low-income borrowers during the pandemic, pointing to examples of people falling into “vicious cycles of debt” as they struggled to cover the escalating cost of bills.

Blackburn News: Survey finds pandemic forces more families to resort to high cost loans

Posted March 28, 2022

A new report from ACORN Canada has found the pandemic forced a lot of families to take a high-cost loan specifically because of the pandemic.

ACORN reported that 440 people took their survey, and 113 respondents reported they had to resort to pay day lenders and pay high interest rates to access the money.

Briarpatch: The debt engine

Posted March 3, 2022

“All I did was cry,” says Kathleen Miller-Zane. She’s retelling the story of realizing her loan from easyfinancial was more than she bargained for. After thumbing through her contract, she found out her initial $5,000 loan would eventually cost her $3,500 in interest – $8,500 in all. “Here I am crying away,” she says. “I can’t believe I’m so stupid. What did I do?”

Pages