The Future of Lending ™
From Banks to FinTechs, the Canadian Lenders Association supports payment and lending innovation across all consumer and commercial sectors.
A leader in DE&I and Sustainable Finance, CLA is committed to servicing the needs of a new generation of Canadian borrowers.
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Peter Routledge (OSFI) on Sustainable Finance
“I’m Committed to Transparency” OSFI’s Superintendent of Financial Institutions on Guideline B15: Climate Risk Management On April 27th, Peter Routledge, Superintendent of Financial Institutions, outlined to CLA and other stakeholders the following at an Economic Club of Canada event in Toronto: “As nations of the world mitigate the physical and transition risks produced by climate […]
More Data, Less Friction: Growing Your Customer Base Without Sacrificing Experience
More Data, Less Friction: Growing Your Customer Base Without Sacrificing Experience Mitigating Risk, Increasing Revenue, and Improving the Customer Experience Amidst Economic Uncertainty Author: Cheryl Woodburn, Country Manager, Canada – Provenir In this time of economic uncertainty (including global political instability, challenging macroeconomic conditions, and post-covid rebounds), Canadian lenders are finding it more challenging than […]
2023 Federal Budget: Why 4.7 Million Canadians?
How we calculate that 4,789,567 Consumers May Be Left Without Access to Credit. A subcommittee of the Risk Roundtable representing CROs from companies servicing the sector calculated that approximately 4.7 million Canadians would be negatively impacted should the rate be dropped to a 35% APR. In calculating the reduction in the qualifying APR, the Risk […]
2023 Federal Budget: Fictional Hannah Vs. Real Hannah
2023 Federal Budget: Fictional Hannah Vs. Real Hannah In the 2023 Federal Budget, there is a fictional illustration of Hannah, a single mother in Guelph who makes $35,000 as a cleaner at a hospital. The government celebrates that Hannah will save $775 over the life of a hypothetical $5,000 loan with the new 35% APR […]
Canada’s New Taxonomy Roadmap Report: What it Means for The Future of Sustainable Lending
Canada’s New Taxonomy Roadmap Report: What it Means for The Future of Sustainable Lending In May 2021, the Sustainable Finance Action Council (SFAC) was mandated to provide advice and recommendations to Canada’s Deputy Prime Minister and Minister of Finance and the Minister of Environment and Climate Change on defining green and transition investment (taxonomy). Following […]
CIBC’s 2022 ESG Report: Building a Better Future
CIBC’s 2022 ESG Report: Building a Better Future CIBC, one of Canada’s leading banks, has released its 2022 ESG Report, outlining its commitment to creating a more sustainable and equitable future. The report highlights CIBC’s efforts to mobilize sustainable finance, reduce its emissions intensity, and create access to opportunities for all. One of the key […]
Scotiabank Releases 2022 ESG Report Highlighting Significant Progress on Environmental, Social, and Governance Initiatives
Scotiabank Releases 2022 ESG Report Highlighting Significant Progress on Environmental, Social, and Governance Initiatives Scotiabank has released its annual Environment, Social and Governance (ESG) Report for 2022, providing key updates and insights into the bank’s progress on its environmental, social, and governance initiatives. This year’s report demonstrates the bank’s ongoing commitment to transparency and reporting […]
Why Representation of Women in Finance and Fintech Matters
Why Representation of Women in Finance and Fintech Matters International Women’s Day is an important opportunity to celebrate women’s achievements, raise awareness of gender issues, and promote gender equality and diversity. While the financial industry has made great strides towards gender equality and diversity in recent years, there are areas where we need to do […]
The Benefits of Compliance Programs to Alternative Lenders
The Benefits of Compliance Programs to Alternative Lenders A key but often overlooked value-add for consumers and lenders alike are optional programs or products offered ancillary to loans. As lending rates are subject to macroeconomic volatility and more lending companies compete for market share, these programs take on new importance as a way for lenders […]
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Content & Resources
The Canadian Lenders Association is committed to publish world-class research and thought leadership on key topics impacting fintech lending. The CLA’s white papers provide thoughtful analysis and insights into trends and opportunities across the sector. Our research and thought leadership offers key insights into the fintech ecosystem. With the acceleration of digitization, including automation and […]
Policy & Standards
The Canadian Lenders Association is committed to working with all stakeholders in the community to advance policy and standard at a provincial and federal level. Our Policy Committee works closely with government and other association to advocate for borrowers making sure all lenders must uphold with the values of the CLA and comply with regulatory […]