Media
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Media Release: IPLAC RESPONDS TO RECENT FEDERAL BUDGET
Is Government Harming the Most Marginalized in a Quest to Help?
FOR IMMEDIATE RELEASE March 1, 2021 (Mississauga, Ontario) In the recent federal budget, the Canadian government committed to making changes to two different alternative financial services, installment lenders and payday loan providers. Their plan is to reduce the maximum interest rate changed by the installment lenders from 47% to 35%. It also...
Media Release: IPLAC RESPONDS TO INACCURATE REPORTS
FOR IMMEDIATE RELEASE March 1, 2021 (Mississauga, Ontario) The Independent Payday Loan Association of Canada (IPLAC) feels it necessary to respond to the inaccurate ACORN Canada report “Study on High Interest Loans – A Report” and the CTV report “Use of payday loans surges amid COVID-19 pandemic, new survey finds”. On February 17, 2021, local...
Media Release: IPLAC supports Pay2Day’s swift action in replacing CEO.
FOR IMMEDIATE RELEASE June 6, 2020 (Mississauga, Ontario) The Independent Payday Loan Association of Canada (IPLAC) supports the actions taken by Pay2Day, accepting the resignation of Wesley Barker as CEO in response to his tweet. IPLAC’s policy is that its members treat all of their customers fairly and equally. Our members provide the same...
Media Release: IPLAC responds to inaccurate, insulting CCPA report. “Our customers are hardworking, informed and intelligent.”
FOR IMMEDIATE RELEASE June 3, 2020 (Mississauga, Ontario) The Independent Payday Loan Association of Canada (IPLAC) feels it necessary to respond to the insulting and inaccurate April 2020 Canadian Centre for Policy Alternatives (CCPA) report “Swimming with the sharks – Poverty, pandemics and payday lenders”, authored by Ricardo Tranjan. In...
Op-Ed: We Serve Hard Working, Intelligent Customers
Over the last months, Canadians have lost almost three million jobs. This has put pressure on everyone and even more on those living paycheck to paycheck, often working multiple jobs. These workers range from independent contractors, whose clients have put them on hold, to essential workers such as nurses and police and even people making six...