Due to the COVID-19 pandemic, more people are using the services of payday loan and installment loan companies, which charge higher fees and interest rates than traditional banks, an-anti poverty group says.
Toronto ACORN was founded in 2004, with the first organized group in Canada being formed in Weston / Mt Dennis after tenants took their slum-lord to task and won $250,000 in rent abatements. In the next ten years Toronto ACORN spread to every part of the city leading the fight and winning significant victories including raising the minimum wage; strengthening of the enforcement of apartment building standards; regulating the payday loan industry in Canada; and countless improvements in our neighbourhoods. In the next year we plan to fight for a new Residential Tenancy Act; to turn up the heat on predatory lenders that sell consolidation loans; to continue our fight to get the city of Toronto to license all landlords in the city; and to keep the pressure on to close the digital divide.
Toronto ACORN has local meetings in your neighbourhood and they are always open for new people to get involved. Join Toronto ACORN now!