Alternative lending update: Lenders crackdown, Small lenders, Non-banks, More

Calls grow for a crackdown on "unscrupulous" lending institutions

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17 February 2021

Calls grow for a crackdown on "unscrupulous" lending institutions "It's almost like loan sharking" Canadians' increased savings during COVID-19 are bad news for smaller lenders Canadians appear to prefer the familiarity of the Big Six Non-bank lenders see spikes in mortgage arrears rate It was a significant jump year-on-year Firm Capital enters into $22.5m bought deal financing agreement The underwriters are bookrun by TD Securities, CIBC Capital Markets, and National Bank Financial Equitable Group posts its strongest quarterly earnings ever The alternative lender emerged relatively unscathed from the ravages of the COVID-19 pandemic

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