Press Releases

Press Release December 1, 2018

An Overview of FinTech in Canada – lending

LENDING (PERSONAL OR BUSINESS) The FinTech lending sector consists of non-bank platforms that provide rapid onboarding, serve a wider range of clients than traditional financial institutions, and in some cases offer lower interest rates.19 These platforms grew tremendously in popularity for small to medium businesses and individuals after the financial crisis. The combination of stringent regulations, […]

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Press Release December 1, 2018

Technology-led innovation in the Canadian financial services sector

Report: December 14, 2017 Information Centre Competition Bureau 50 Victoria Street Gatineau QC K1A 0C9 Executive summary “The future is now. Let’s get it right by providing policymakers with the information they need to nurture a competitive environment that allows Canada’s FinTech companies to innovate and grow.” John Pecman, Commissioner of Competition About this study Financial technology (FinTech) has […]

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Press Release November 30, 2018

Celebrating Innovation at the Canadian Lenders Summit 2018

By Susan Varty for the Canadian Lenders Association Fast becoming an annual can’t-miss event for FinTech, lending and finance professionals, this year’s Canadian Lenders Summit was held on November 21 in downtown Toronto, Ontario, Canada. Presented by the Canadian Lenders Association (CLA), and bringing together leading experts from the worlds of Canadian lending and finance, […]

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Press Release November 24, 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 lender stakeholders. We believe that […]

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Press Release November 24, 2018

Jason Mullins, goeasy’s President and COO Joins the Canadian Lenders Association as Vice Chair

Toronto, Ontario, July 26, 2018: The Canadian Lenders Association (CLA), is pleased to announce that effective July 11, 2018, Jason Mullins, President and Chief Operating Officer of goeasy Ltd., was voted onto the leadership committee as Vice Chair by the board of the CLA. The CLA was established for businesses involved in provisioning financial services and […]

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Press Release November 24, 2018

CLA Launches the Innovative Lenders Awards

Toronto, Canada, August 7, 2018 – Today, the Canadian Lenders Association (CLA) announced the Innovative Lenders Awards– a recognition of executives and thought leaders who have developed and fostered innovative concepts and strategies that have helped move the lending industry forward. Nominations are now open at https://www.canadianlenderssummit.com/#awards “The CLA is excited to celebrate technology and business model innovation […]

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Press Release November 24, 2018

CLA’s August 2018 Legal Update

Review here: CLA August 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 August. The report details: Jurisdiction Name of Law/Regulation Brief Summary of Changes The report is prepared monthly by the Advocacy and Regulatory Committee of the Canadian Lenders […]

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Press Release November 24, 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 consumers to access credit.  We are […]

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Press Release November 24, 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 study on alternative finance and […]

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Press Release November 24, 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 radar. The report details: Jurisdiction Name […]

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Press Release November 24, 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 Advisory Committee on Open Banking, […]

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Press Release November 24, 2018

CLA’s October Legal 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 of the Canadian Lenders Association. For more information please […]

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Press Release November 24, 2018

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

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 to better assess and compare their debt finance options. The collaboration combines Navigant’s […]

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