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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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 […]
Covid-19 Small Business Survey Results (CLA)
Toronto, May 26th, 2020 – Canadian Lender Association has completed a comprehensive national survey in cooperation with its fintech lenders. CLA members finance over 100,000 micro, small and medium sized businesses nationally. The survey results indicate that even with the deployment of the Business Credit Availability Program (BCAP), small businesses struggle to overcome liquidity issues. […]
Truth in Advertising for Insolvency Trustees
Standardization of Public Disclosures May 25, 2020, Ottawa – The CLA has serious concerns regarding the recent representations made by certain insolvency trustees on mainstream and social media, either via advertising or through public statements. It is our view that any advertising that encourages consumers to consider bankruptcy as a first course of action – […]
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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