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We're in The News, January to March, 2025

New federal limits on high-interest loans and non-sufficient funds fees, the CBC covered our Policy team's recent big wins!

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Thu Mar 20, 2025 by Momentum Staff

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Our Policy team's advocacy efforts have had a big impact on recent federal regulations affecting lower-income Canadians. The CBC covered these exciting wins:

New limit on high-interest loans targets 'predatory lending practices' - "Predatory lenders can take advantage of the most vulnerable people in our communities, including low-income Canadians, newcomers and seniors — often by extending very high interest rate loans," said a statement from a spokesperson from the federal finance department.

Calgarians celebrate $10 federal limit on non-sufficient funds fees, coming next year - "We hear that NSF fees are crushing and that it feels like you're getting kicked when you're down, and $45, $50 is significant when you're living on a low income and living paycheck to paycheck," said Courtney Mo, Momentum's director of community impact.

Do you have experience with systemic barriers in our federal, provincial, or municipal systems? Let our Policy Team know.