Monthly Communication Report

Organization:	Canadian Lenders Association
Associated registration:	956819-376779-4
Communication date:	2024-12-17
Posted date:	2024-12-19

Designated Public Office Holders who participated in the communication:	Mark Radley, Associate Director, Consumer Affairs Finance Canada (FIN) Anne Loosen, Senior Project Leader Financial Sector Policy Branch, Finance Canada (FIN) Joan Monahan, Legal Counsel Finance Canada (FIN)
List of Details Subject matter Detail Consumer Issues The Federal government has made a commitment to lower the allowable rate of interest, in section 347 of the Criminal Code. This change in policy will reduce access to credit for millions of Canadians. These Canadians make up 29% of all Canadians with credit reports and are non-prime borrowers, meaning that they would struggle to access loans from traditional financial institutions. The Canadian Lenders Association would like the government to understand how this amendment will negatively impact CLA members and the public at large.
Responsible Officer who filed this communication report:	Gary Schwartz
As the most senior paid officer, the person named above is responsible for certifying the communication report for the corporation or organization (Registrant). This person may or may not have participated in the reported communication. The Lobbyists Registration Regulations do not require that the names of in-house lobbyists (i.e. employees of corporations or organizations) who actually participated in the communication be disclosed.