Policy & Standards
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 environment that protects business and consumers from predatory practices, including consumer protection and consumer reporting laws, Canada’s Anti-Spam Legislation and privacy laws.
Through advocacy with all levels of government and with other trade associations in the marketplace, the Canadian Lenders Association’s Policy Committee supports the following principles:
- support transparency throughout the Canadian marketplace and will support changes to legislative and regulatory frameworks that encourage and enhance transparency for borrowers.
- advocate for balanced regulatory frameworks that meet the needs of borrowers, as well as provide stable, strong and consistent environments for businesses of all sizes to successfully operate in Canada by minimizing the administrative and compliance costs for lenders.
- support an open marketplace – one which encourages innovation, the use of technology and healthy competition to advance the needs of borrowers and provide products and services to meet 21st century needs.
We support an open marketplace – one which encourages innovation, the use of technology and healthy competition to advance the needs of borrowers and provide products and services to meet 21st century needs. Members of the CLA Advocacy and Regulatory Committee agree to build these key messages into messaging shared with government and other decision makers to promote a cohesive and united approach to major regulatory issues in the Canadian marketplace that impact or may impact – whether directly or indirectly – the business operations of CLA members.
Please check for initiative updates in the press section of the website.
Canadian Lenders Association has publishes a Monthly Regulatory Calendar which details all national and provincial level initiative of note as well as recapping historic policy activity. Please review by jurisdiction and law | regulation and see a brief summary of status. Categories include consumer lending, mortgage brokerage and lending and other relevant law | regulation activities of note.
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