On Friday, August 6th, the Canadian Lenders Association officially submitted its recommendations to Canada’s Standing Committee on Finance in advance of the upcoming federal budget.
In the submission, the CLA calls on the government to:
- Embrace a consumer-directed model of finance
- Ensure that Canadian FinTechs are fairly represented by the Canadian Payments Act
- Strive towards harmonization in consumer protection laws
- Clearly differentiate FinTech Lending from the Payday Lender industry
To read the CLA’s full submission in our press room