Registration & Networking Breakfast
Upcoming Workshop: Credit Invisibles & Credit Deserts
PERC Canada estimates that nearly 6 million Canadians are “credit invisible.” This population either has no credit report (no-file population) with a nationwide consumer reporting agency (TransUnion, Equifax), or has insufficient data in their credit report to generate a credit score (unscoreable population).
Credit Invisibles in Canada are mostly lower income persons, immigrants, members of minority communities (including First Nations), younger and elderly Canadians, and the unbanked and underbanked (nearly 1 in 5 Canadians). They remain financially excluded, and face considerable barriers trying to build assets and generate wealth by home or small business ownership.
Credit Deserts are geographies where there are above average concentrations of Credit Invisibles, above average concentrations of Fringe Financial Institutions (FFIs), and below average concentrations of mainstream lenders (members of the Canadian Bankers Association), below average household income, and below average credit scores.
Given the combination developments: high levels of over-indebtedness, most Canadians being relatively asset poor (the OECD reports that just 44% of Canadians indicated an ability to cover existing costs for 6 months if income unexpectedly dries up), a shrinking mainstream bank branch footprint, and the growth and proliferation of FFIs—it seems highly likely that credit deserts are expanding within Canada.
March 6th, 2019
7:15 am – Registration
8:00 am – Start
11:00 am – Finish
Blake, Cassels & Graydon LLP
199 Bay St suite 4000, Toronto, ON M5L 1A9
2019 Innovative Lender Awards
Congratulations to Eva Wong and Andrew Graham for winning the 2018 LEADER OF THE YEAR leadership award. The Tiffany & Co. crystal award was presented on Nov 21st at the Lenders Summit.
We are now welcoming 2019 Innovative Lender of the Year nominations. Innovative Lenders are defined as: Executives and thought leaders who think outside the box to develop and foster innovative concepts and strategies that help move the overall lending industry forward.
We invite you to nominate an innovative lenders for this award. Award recipients may include:
- Solution providers servicing the lending community
- Executives of B2B and B2C lending companies
- Industry thought-leaders and rainmakers
Additional criteria will encompass some or all of the following three areas (please be as descriptive as possible in each response):
- Emerging lending technology solutions or business models that executives helped to advance.
- Specific innovative lending strategy or idea conceptualized and/or launched.
- Business results or positive outcomes, or expected results, following a successful implementation of the innovative strategy or concept.
We’ll also ask for any additional insights or comments related to the nominee’s qualifications for receiving an Innovative Lenders Award.
To nominate an executive click the NOMINATE linkNominate for Award