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Press Releases

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

CLA & Navigant Collaborate to Offer the SMART Boxâ„¢ 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 […]