The CLA promotes transparency and fosters responsible and ethical lending practices. The association supports innovation across the home, auto, consumer and commercial lending sectors.
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News
Zūm Joins CLA as an Approved Vendor to Offer Lenders Best in Class Payment Technology
February 16, 2021 (Toronto) — The Canadian Lenders Association (CLA) is pleased to welcome Zūm, a leader in fast and intelligent payment operations, into its membership as an approved vendor based on their ability to optimize borrower satisfaction and revenues through next generation payment solutions. Zūm empowers lenders to offer efficient and cost-effective real-time funding […]
2020 Wrap Up in Canadian Lending
2020 has been a year marked with incredible resilience, recovery and innovation. Though many industries played vital roles supporting Canada’s businesses and citizens through COVID, the lending industry deserves special recognition. This year lenders took extraordinary steps to support Canadian families and entrepreneurs. Many instituted relief programs, cut rates, and worked with all levels of […]
Alternative Credit Scoring in Canada
November 19, 2020 The Bank of Canada recently rained on hopes for a quick recovery from the economic impacts of the country’s coronavirus slowdown — a hope nurtured, many thought, by signs of economic resilience over the summer. Alas, late in October, the Canadian central bank issued a Monetary Policy Report suggesting that hard times will continue, perhaps all […]
Services
Lending Leadership & Ideas
The Canadian Lenders Association is committed to sharing ideas nationally to help educate borrowers and share best practices with lenders. We use online panel technology provided by Thinkwire.com to host informative discussions and fireside chats. These ideas are shared via Linkedin to reach a wide social audience. See our Leaders-in-Lending Series We host private dinners […]
Lending Resources & Services
Our Lending Resources and Services Committee is responsible for partnerships that drive incremental value for our lenders. An example is our SMART Box, capital comparison standard, launched in partnership with the ILPA
Lending Advocacy & Regulatory Services
CLA’s Advocacy and Regulatory Principles Through advocacy with all levels of government and with other trade associations in the marketplace, the Canadian Lenders Association’s Advocacy and Regulatory Committee supports the following principles: We support transparency throughout the Canadian marketplace and will support changes to legislative and regulatory frameworks that encourage and enhance transparency for borrowers. […]
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