October 27, 2018

CLA & Navigant Collaborate to Offer the SMART Box™ Disclosure Tool to Small Business Lenders

October 23, 2018 07:00 AM Eastern Daylight Time TORONTO & CHICAGO–(BUSINESS WIRE)–Navigant (NYSE: NCI) and the Canadian Lenders Association (CLA) announced today they are collaborating on adapting the SMART Box for the Canadian market. SMART Box is a pricing disclosure model and comparison tool that will enable Canadian small businesses […]
October 15, 2018

CLA’s October Legal Update

CLA October Monthly Update This monthly report covers any consumer and commercial Lending regulatory and policy activity on a provincial and federal level for the month of October. The report details: Jurisdiction Name of Law/Regulation Brief Summary of Changes The report is prepared monthly by the Advocacy and Regulatory Committee […]
October 1, 2018

Minister Morneau Launches Advisory Committee on Open Banking

September 26, 2018 – Ottawa, Ontario – Department of Finance Canada The Government of Canada is committed to supporting a financial sector that promotes competition and consumer choice while continuing to deliver financial stability and economic growth. In keeping with this commitment, Minister of Finance Bill Morneau today launched the […]
September 13, 2018

CLA’s September Legal Update

CLA September Monthly Update This monthly report covers any consumer and commercial Lending regulatory and policy activity on a provincial and federal level for the month of September. Please note the Open Banking* review that was set out in the 2018 federal budget. Please make sure this is on your […]
September 7, 2018

Cambridge Centre for Alternative Finance & Canadian Lenders Association Partner on Global Benchmark Study

Cambridge, UK., and Toronto, Canada, September 7, 2018 –The Cambridge Centre for Alternative Finance (CCAF) and the Canadian Lenders Association (CLA) today announced a partnership to support research into the innovative Canadian lending sector through the 2018 Americas Alternative Finance Benchmarking survey. The CCAF’s Global Benchmark is the largest academic benchmarking […]
August 17, 2018

British Columbia: Stakeholder Feedback, High-Cost Credit Products & Alternative Lending Industry

To: British Columbia Ministry of Public Safety & Solicitor General Thank you for this opportunity to provide stakeholder feedback around the subject of high-cost consumer credit products and the alternative/innovative lending industry.  We are grateful to be part of this important conversation which affects the ability for millions of Canadian […]
June 15, 2018

The Canadian Lenders Association Outlines National Advocacy & Regulatory Principles

Toronto, Canada, June 18, 2018 –  Today, the Canadian Lenders Association released a set of principles intended to help guide our advocacy and regulatory  outreach and collaboration both provincially and nationally with the aim of improving transparency, provide a balanced regulatory frameworks, and an open marketplace. “The Canadian Lenders Association represents the all […]
February 16, 2018

Observations pour la réunion du Comité sénatorial concernant le projet de loi S-237

Mesdames et Messieurs les membres du Comité sénatorial permanent des banques et du commerce, je tiens à vous remercier de m’avoir invité à votre réunion alors que vous examinez le projet de loi S-237 — un projet de loi d’initiative parlementaire de la sénatrice Ringuette — sur la définition de « taux […]
November 20, 2017

CLA Responds to the Competition Bureau’s FinTech Public Consultation

Toronto, Canada, November 20, 2017 – Canadian Lenders Association (CLA) responds to the Competition Bureau’s public consultation regarding: “Technology-led innovation and emerging services in the Canadian financial services sector” The Canadian Lenders Association (CLA) provides Canadian lenders the tools to innovate and to foster safe and ethical lending practices. As […]