The Future of Lending ™
The CLA is committed to servicing the needs of a new generation of Canadians. With over 300 Bank and FinTech members, the Canadian Lenders Association supports innovation and modernization across all financial sectors.
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Canadians for Open Banking: CCI’s Open Letter to Minister Freeland We are calling on the Liberal government to keep their 2021 election promise and enact rules to mandate open banking in Canada. To sign your name to this letter, click here. Dear Minister Freeland, The Competition Bureau recently confirmed what many of us already knew […]
Mortgage Suitability: Enhancing Trust and Transparency in Canada’s Lending Landscape Navigating the Canadian mortgage market, with its diverse range of options and complex regulatory landscape, can be a daunting task for borrowers and brokers alike. As the Canadian housing market continues to evolve and the industry grapples with the challenges of the current economic climate, […]
Alternative Data in Credit Decisioning: Meeting the Demands of the Expanding Canadian Financial Services Market
Alternative Data in Credit Decisioning: Meeting the Demands of the Expanding Canadian Financial Services Market It’s a challenging time in the Canadian market. Between high interest rates, inflation stubbornly sticking at close to 4% and consumers’ fear of a potential recession starting to curb spending, it’s hard to find the growth we need to fuel […]
The Invisible Threat: The Urgent Need for Robust Electronic ID Verification A new breed of criminals is executing sophisticated mortgage frauds, leaving behind a trail of shocked homeowners, destitute lenders, and baffled law enforcement agencies. Welcome to digital fraud. As reported in Le Devoir, the recent dismantling of a fraud network by the Service de […]
The Digital Transformation of Canada’s Lending Landscape The Canadian lending landscape has been reshaped by a confluence of factors in recent years, with the COVID-19 pandemic serving as a catalyst for rapid change. Traditional banks and mortgage lenders, who have long held sway in the industry, now find themselves in the midst of a digital […]
The 5 Crucial Steps to Building a Lending Product Remember when you had to be a bank to build financial products? How quickly times have changed! In the not-so-distant past, large retailers like Canadian Tire, Walmart, and Rogers had to go through the lengthy process of becoming a Schedule I Bank in Canada in order […]
Once in a Lifetime Opportunity – CEBA in 2024 Almost 80% of all businesses in Canada have a CEBA loan, representing just under $50B in federal funds. In less than half a year, most entrepreneurs will attempt to repay or refinance these loans. Whether or not they will be able to do so remains to […]
Lenders and Insurance: A Path to Stability in Uncertain Times The Canadian lending landscape is currently navigating a period of uncertainty. While it may not be a full-blown downturn, there are challenges ahead. Traditional revenue models relying solely on interest income are being tested. Fewer Canadians qualify for standard loans, and many are hesitant to […]
International Students Contribute C$36 Billion to Canadian Economy New research from MPOWER Financing estimates that international students contribute C$36 billion to the Canadian economy. The data comes as Ottawa debates changes to its study permit program for international students seeking a Canadian education. MPOWER Financing, the leading provider of no-cosigner loans to promising students from […]
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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 […]
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 […]