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Top News In Canadian Lenders Today - Breaking & Trending Today

Government Interest Rate Cap to Remove up to $10.7 Billion from the Canadian Economy, Cut Off Millions of Canadians from Access to Loans

A new report conducted by Ernst & Young LLP, commissioned by the Canadian Lenders Association (CLA), highlights the severe, far-reaching consequences of the federal government's new interest rate cap. The study reveals that a reduction to the allowable rate of interest will remove $10.7 billion from the Canadian economy each year, eliminate nearly 50,000 jobs and cost borrowers up to $4.4 billion in additional interest payments to payday lenders and illegal lenders, as a result of being turned a ....

Gary Schwartz , Canadian Lenders Association , Ernst Young , Chief Executive Officer , Canadian Lenders , Federal Government , Criminal Code , Core Banking , Open Banking , Sustainable Finance , Rate Of Interest , Payday Lenders , Interest Rate Cap , Canadian Lenders , He Canadian Lenders Association , Canadian Economy , Gary Schwartz ,

Canada's new laws target predatory lenders

Some Canadians who have turned to high-interest loans due to not qualifying for traditional credit could lose access to them as the government prepares to pass new laws targeting predatory lenders, according to the Canadian Lenders Association. ....

Marcia Bryan , Jason Mullins , University Of Toronto At Mississauga , Department Of Management , Canadian Lenders Association , Some Canadians , Canadian Lenders , Criminal Code ,

SCHWARTZ: Liberals cutting off millions of Canadians this Christmas

SCHWARTZ: Liberals cutting off millions of Canadians this Christmas
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