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 these advocacy and regulatory principles will help establish a uniform standard for policy engagement across Canada,” said CLA’s President Gary Schwartz.

• • We support transparency throughout the Canadian marketplace and will support changes to legislative and regulatory frameworks that encourage and enhance transparency for borrowers.
  • We advocate for balanced regulatory frameworks that meet the needs of borrowers, as well as provide stable, strong and consistent environments for businesses of all sizes to successfully operate in Canada by minimizing the administrative and compliance costs for lenders.
  • We support an open marketplace – one which encourages innovation, the use of technology and healthy competition to advance the needs of borrowers and provide products and services to meet 21st century needs.

Members of the CLA Advocacy and Regulatory Committee agree to build these key messages into messaging shared with government and other decision makers to promote a cohesive and united approach to major regulatory issues in the Canadian marketplace that impact or may impact – whether directly or indirectly –  the business operations of CLA members.