ACORN Canada calls on federal government to support alternatives to predatory loans

The government should work with Canada's big banks to provide fair credit options to borrowers who would otherwise have to turn to bad actors, say advocates.
Chrystia Freeland
Finance Minister Chrystia Freeland's March 2023 budget included a promise to lower the criminal rate of interest from 60 per cent to 35 per cent annually.

As Finance Canada implements changes to the Criminal Code intended to crack down on predatory lending, a group representing low- and moderate-income Canadians is calling on the federal government to work with the big banks to provide a low-cost alternative for people who nee...

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