The CLA promotes transparency and fosters responsible and ethical lending practices. The association supports innovative lending nationally including the technology & business processes that are transforming our financing industry.

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News

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 […]

Echelon & CLA Announce Strategic Relationship

TORONTO, August 10, 2020 – As part of a strategic relationship signed between Echelon Capital Markets (Echelon) and the Canadian Lenders Association (CLA), Echelon has officially been named as the Preferred Financial Advisor to the CLA, effective immediately. Echelon’s investment banking team has advised a number of CLA members with their capital and M&A needs […]

Excluding Fintech Lending in the Time of COVID

By: Gary Schwartz, President of the Canadian Lenders Association This article originally appeared in the Globe & Mail   While governments globally have actively engaged their fintech lenders to help deliver loans to shuttered Main Street merchants, our government has chosen to exclude this burgeoning sector. It seems counterintuitive to ignore companies that pre-COVID had been […]

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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