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.

Petition: Western Union, Cut Your Rates

Many of you may remember ACORN Canada’s first national campaign: Predatory Payday Lending - the loan sharks that charged exorbitant rates and used deceptive pricing to rip off working families.

When we first started looking into Western Union and other Remittance providers we were struck by the similarities to payday lenders; shady storefront operations, predatory fee structures, and a lack of consumer protection - and we were right, they're just as bad.

Don’t just take it from me, Pascal Apuwa, a leading member from Metro Vancouver who uses Western Union to send money to his family in Nairobi, Kenya, has this to say:

“I send whatever I can afford to my friends and family back home – and for every dollar I send Western Union gets 20 cents.  I send $100 dollars to help feed people I love, and this massive company keeps $20. That’s wrong, and they need to lower their charges immediately.”

That’s why we’re calling on Western Union to cap their charges at 5% - the amount recommended by the World Bank.  We’re collecting signatures from folks across Canada who support this campaign and if we reach 5,000 we’ll ship them to Western Union CEO Hikmet Ersek’s office in suburban Colorado.

Click to Sign the Petition >>

 

Epoch Times: Money Transfer Companies Soaking Immigrants

New Canadians and temporary foreign workers who send money to family members back in their home countries are being charged exorbitant transfer service fees, says a national non-profit that representslow- and moderate-income families.

Pascal Apuwa, a spokesperson for ACORN Canada, says fees levied on remittance payments—the moneyimmigrants send to family members in their country of origin—by moneytransfer organizations such as Western Union are as high as 20–25 percent.

“For every dollar I send, Western Union gets 20 cents,” Apuwa says, regarding his own experience in sending money to family in a rural village in Kenya.

“Western Union is in the small towns and rural areas, but banks are only found in the big cities. My mom is not in the city, she is in a rural area, so that’s why I have to use Western Union.”

In addition, transfer service companies sometimes charge hidden fees and fail to pay full value for exchange rates to poverty-stricken relatives collecting the funds, says Apuwa, a Canadian citizen.

 

BC Local News: ACORN Canada calls for cuts in money transfer fees

Since coming to Canada as a refugee in 2006, Pascal Apuwa has been sending money back home to his mother and sister in Kenya.

He sends what he can every month or two, as much as $300 when he was working, to $100 or $60 now that he's a student, all the while knowing the money helped put food on the table for his family.

Each time the Burnaby resident pays what he is told to by Western Union, which operates out of a Money Mart on Kingsway near Edmonds Street.

But after learning at an Acorn Canada meeting that the company takes a significant share of the money through service charges and unfavourable exchange rates, he's fighting back.

Apuwa, 30, led a protest at the Western Union office Wednesday to raise awareness of the issue.

The Tyee: Canadian immigrants getting fleeced by money transfer services

Canadian residents who use commercial money transfer services to send funds to family members back home are paying unreasonably high fees, says a non-profit that represents low-income families.

According to ACORN Canada spokesperson Pascal Apuwa, fees levied on international money transfers can be as high as 20 to 25 per cent.

"We are demanding that these agencies reduce their charges and we are asking the government to regulate them," says Apuwa.

According to a spokesperson for the Financial Consumer Agency of Canada, there are currently no federal regulations on money transfer fees.

Remittance payments, the term used to describe money that foreign workers send back to their countries of origin, are not only vitally important for the individuals who receive them, says Apuwa, but also constitute a significant flow of funds to developing countries around the world.

Press Release: Western Union and Money Mart’s money transfer fees take 20% of money sent to drought-ravaged East Africa

For immediate release

New Canadians, temporary foreign workers, and others struggling to support loved ones abroad are fed up with the high cost of remittances and money transfers.

The ongoing famine in Somalia, and devastating drought in neighbouring Kenya has one person especially upset.  For Pascal Apuwa - a leader in the national campaign for Remittance Justice – these twin crises’s have made the call for reducing remittance rates ever more urgent.

“Like many new Canadians I send whatever I can afford to send back to my friends and family back in East Africa – and for every dollar I send Western Union gets 20 cents.  I send 100 dollars to help feed people I love, and a massive company keeps $20. That’s wrong, and they need to lower their charges immediately. At this point, because of the drought, that money they are taking from my pocket could save someone’s life!” Pascal Apuwa from Burnaby, BC explains.

KW Record: Migrants’ money channels are a murky world

There is no paper trail. There is no oversight. There are no clear rules. But the cash flow is staggering: roughly $200 billion a year.

This amount, sent home by immigrants and migrant workers through back channels, dwarfs global foreign aid. Canada’s share — approximately $7.5 billion a year — is more than double the country’s official development assistance.

Although these hand-to-hand remittances do a tremendous amount of good in poor countries, they pose serious risks for both senders and governments.

Immigrants have no guarantee their earnings will actually reach their families. The money could be pocketed by greedy middlemen, stolen enroute or whittled down by bribes to corrupt local officials.

Financial authorities have no knowing whether this informal financial system is being used by drug dealers to launder dirty money or terrorist groups to finance international operations. It certainly has the potential to do both.

New Report on Remittances: Voting in a Rigged Election

Today we’re releasing a new report as part of a global effort to achieve transparency and regulation of remittance fees.

This issue is a vital one for Canadian families, especially immigrants, migrant workers and new Canadians, who pay huge fees on the money they send to their families back home.

"Voting with Their Money in a Rigged Election," is the third report in a series from ACORN Canada and ACORN International looking at this unregulated and often unaccountable industry. Click to Download the .PDF of Voting in a Rigged Election

Message to the Department of Finance: Regulate Remittances & Money Transfers Now!

As a closing of the National Community Change Summit, 60 ACORN Canada members came together at an action in front of the Ministry of Finance in Ottawa to draw the Deputy Minister of Finance’s attention to the fees and interest being taken by big banks and money transfer organizations (MTOs) like Western Union when processing remittances.

In fact, hard-working Canadians trying to support families and loved ones abroad paid more in fees and interest than the Canadian International Development Agency (CIDA) spends in foreign aid each year.  ACORN Canada is calling on the Federal Government to bring in new regulations consistent with the World Bank’s suggested 5% cap on fees.

The action was covered by the Ottawa Citizen, CBC Ottawa, Metro Ottawa and others, and led to securing a commitment from the Deputy Minister to investigate the issue and agree to a follow up meeting with ACORN Canada leaders.


Ottawa Citizen: Group seeks cap on money-transfer fees

From the Ottawa Citizen:

Pascal Apuwa, 38, moved to Canada six years ago from a small village in Kenya. Like many foreign-born Canadians he sends money back to his family in Africa every month. But Apuwa says he's tired of paying the fees money transfer organizations, such as Western Union, place on remittance payments.

He and members of the organization ACORN [Canada], the Association of Community Organizations for Reform Now, [Canada] are asking federal Finance Minister Jim Flaherty to cap the fees money transfer organizations can place on remittance payments at five per cent. The group is holding a protest outside the Bank of Canada at 10: 30 a.m. today.

"There is no transparent explanation why it costs me $25 to send $100 to my family in Kenya," Apuwa said. "The only reason I've found is that they think it's all right to pull profits from my family living in a slum in Africa."

According to Statistics Canada, 41 per cent of foreign-born residents living in Canada send money back to their families abroad. Apuwa says he is sometimes charged as much as 16 per cent to send money back home and says there are often additional unexplained charges his family must pay in order to collect the money in Africa. "I feel so bad about it," he said. "This is not the way to help people, I want justice to be done here."

You can find the original article at: http://www.ottawacitizen.com/business/Group+seeks+money+transfer+fees/4973037/story.html

Free Income Tax Site Grows Once Again

Our New 2nd floor office in Metro Vancouver has been busy ever since we moved in in early February of this year. That is because, for the 5th year straight, ACORN Canada’s Free Income Tax Site has been busy doing hundreds of tax returns for members and people in our communities. So far, this year we have done more than 800 tax returns which is an increase of over 30% over our 2010 tax site.

In the 5 years ACORN Canada has done Free Income Taxes in Metro Vancouver we have returned over 6 Million Dollars in tax returns, rebates, and benefits! Add to this that we have saved people $400,000 in tax preparation costs and it is clear that ACORN Canada is a major stimulus to the neighbourhoods where we work!

But that is just the beginning. Our free income tax site gives our members a great opportunity to share their campaigns with people who come to get their taxes done. Our new campaign for Remittance Justice is becoming a very popular topic of serious discussion in the office. Many new people coming in to get their taxes done feel the pain of the exorbitant costs of sending money transfers back to their families and friends. And better still, they are getting involved with ACORN Canada’s campaign for regulatory changes to the Money Transfer Industry.

Regulations that will hold banks and companies like Western Union to account for the predatory business practices here in BC.

We like doing your taxes and if you know anyone who has a simple tax return in need of filing just call 604 5221

Pages