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Consumers Council of Canada News

Canadians enjoy little protection against the high prices and sales practices of instalment lenders, whose loans challenge legal expectations, Council research finds.

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Research Announcements, Credit, Financial Services, Payday Loans, Focus-Indebtedness, Right-Information, Right-Choice, Right-Education  
  

The Consumers Council of Canada has advocated recently for firm action on unsolicited, door-to-door sales, new protection for users of alternative financial services such as payday loans and definition of qualifications, with licensing, for home inspectors. The Ontario government took action in all three areas through its Putting Consumers First Act passed April 10, 2017.

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Public Statements, Credit, Financial Services, Home Furnishing & Equipment, Housing & Shelter, Payday Loans, Standards Development, Focus-Climate Change, Focus-Residential Intensification, Right-Basic Needs, Right-Product Safety, Right-Information, Right-Choice  
  

Research for Consumers Council of Canada finds rent-to-own transactions are an expensive way for consumers to acquire merchandise, with periodic payments typically totalling 2 to 3.5 times the price of the same goods at conventional retailers.

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Public Statements, Research Announcements, Financial Services, Payday Loans  
  

Between 2004 and 2015, 8 class action lawsuits were filed in connection with loans offered by The Cash Store, Instaloans and LoansAlberta Inc. across Canada. A Class Action Settlement has been reached. Please read this notice

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Class Action Notices, Financial Services, Payday Loans  
  
 
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