VANCOUVER, Oct. 16, 2014 /CNW/ - My Canada Payday (https://www.mycanadapayday.com), a fully-licensed online and storefront payday lender, has become the latest member of the Canadian Payday Loan Association. Founded in 2008, My Canada Payday is achieving recognition for its adherence to industry best practices and its responsible corporate citizenship.
"Membership in the CPLA is a signal to our customers that we have ethical business practices that go beyond simple compliance with provincial regulations," said My Canada Payday's Marketing Director, Dale Evans. "The CPLA is a beneficial industry body which seeks to ensure that customers have access to short term credit on reasonable terms, and recognizes that under-regulated as well as over-regulated markets pose risks to lenders and consumers alike".
The Canadian Payday Loan Association was founded in 2004, and since then has grown to represent over 800 Canadian retail financial services outlets offering payday loans. The CPLA campaigns for higher-quality regulation of payday lending in Canada, provides a Code of Best Business Practices for its members, and provides resources for people wanting to learn more about payday loans or finance in general, as well as those struggling with debt.
My Canada Payday looks forward to participating in CPLA affairs and believes that membership will be invaluable in expanding their business to Alberta, where the CPLA was instrumental in developing a stable regulatory framework for payday lenders.
About My Canada Payday
Founded in 2008 and based in Surrey, British Columbia, My Canada Payday currently operates in British Columbia, Saskatchewan, Nova Scotia, and Ontario, and holds valid payday lending licenses in all four of these provinces.
SOURCE My Canada Payday