Canadian Lenders Association

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Registration: 1 of 1 (2024-11-06 to present)

Details Regarding the Identified Subject Matter

Subject matters	Details	Categories
Consumer Issues, Financial Institutions	The submission to the Department of Justice is in respect of a proposed amendment to section 347 of the Criminal Code of Canada (the criminal rate of interest provision) and specifically the amendment to the definition of “interest” to include credit insurance premiums. The submission raises concerns with the constitutionality of the proposed amendment.	Legislative Proposal, Bill or Resolution