The Canadian Lenders Association Reaffirms Industry Lending Values
Toronto. November 11th, 2019. Canadian Lenders Association (CLA), the voice of the innovative business and consumer lending industry, reaffirms its commitment to further transparent and ethical lending to Canadian borrowers nationally.
“As an association that represents key aspects of Canada’s lending ecosystem including: policy, advocacy, standards, and innovation, it is important to renew and reaffirm our commitment to ethical and transparent lending practices regularly with our members and affiliates,” says Gary Schwartz, President and co-founder of the CLA.
All members must agree to act in accordance with the mission and purposes, which include supporting the growth of all aspects of Canada’s lending ecosystem including policy, advocacy, standards, innovation, and the adherence to and promotion of best practices as well as commitment to safe and ethical lending standards. Membership in the CLA sets our lenders and supporting affiliates apart as trusted brands.
The CLA represents Canada’s innovative lending community. All members are vetted and accredited based on their corporate standards and values. Our role is to support the highest level of lending in Canada, servicing a wide spectrum of SME and consumer borrowers’ growth requirements.
CLA’s goal is to support access to credit in the Canadian marketplace. Approximately 7 million Canadians (25%) do not have access to credit through incumbent lenders and seek access to credit from alternative lenders.
Join us at our upcoming Canadian Lenders Summit on November 20th at MaRS and apply for the Canadian Innovative Lenders Award for individuals and corporations that reflect the CLA core values and notably advance the industry for all Canadians.
The CLA supports the growth of companies that are in the business of lending, or providing other means of credit, to small business and individuals by non-conventional or innovative means to exchange ideas and explore ways of improving the sector; encourage principled and professional practices by Innovative Lenders; educate the public at large about Innovative Lending; encourage individual potential borrowers to be informed about the appropriateness of Innovative Lending to the borrowers’ circumstances; and to advocate on behalf of, and represent the interests of Innovative Lenders..
The CLA promotes transparency and fosters responsible and ethical lending practices. The association supports innovative lending nationally including the technology & business processes that are transforming our financing industry.